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  #1  
January 10th, 2017, 04:37 PM
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HRA Bank of America

Do you know about expenses covered by Health Reimbursement Arrangement (HRA) Service of Bank of America? I need list of all covered expenses under Health Reimbursement Arrangement (HRA). So please provide it to me as soon as possible.
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  #2  
October 5th, 2019, 08:29 AM
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Guest User
 
Re: HRA Bank of America

Can you tell me in detail about the employer-funded account - Health Reimbursement Arrangement (HRA) given by Bank of America?
  #3  
October 5th, 2019, 08:30 AM
Super Moderator
 
Join Date: Mar 2012
Re: HRA Bank of America

A Health Reimbursement Arrangement (HRA) is an employer-funded account in Bank of America that helps employees pay for qualified medical expenses not covered by their health plans.


An HRA can be paired with a Healthcare Flexible Spending Account (FSA). Qualified expenses are automatically paid from the FSA first, up to the available balance. Then, funds from the HRA are used for any qualifying medical expenses.


Health Savings Accounts (HSAs), Health Flexible Savings Accounts (FSAs) and Health Reimbursement Arrangements (HRAs) are all tax-advantaged, so the IRS defines the types of expenses that one can pay for with these accounts.


Generally, qualified expenses include doctor visits, medications, medical equipment, and dental and vision care for one, ones spouse and any dependents


Examples of qualified medical expenses


Medical
Accupuncture
Alcholism treatment
Ambulance
Birth control
Body scans
Braille books and magazines
Breast pumps and lactation supplies
Chiropractor
Co-insurance (medical, dental or vision)
Co-payments
Crutches or canes
Deductibles
Diabetic supplies
Diagnostic services
Drug addiction treatment
Fertility enhancements
Flu shots
Guide dogs or other service animals
Hearing aids and batteries
Hospital services
Insulin
Insurance premiums for COBRA coverage
Laboratory fees
Lamaze classes
Learning disability treatments
Mastectomy-related special bras
Medical equipment and repairs
Medical monitoring and testing devices
Medical supplies
Nursing services
OB/GYN
Office visits
Oxygen
Physical exams
Physical therapy
Pregnancy tests (over-the-counter)
Prescription drugs
Prosthesis
Psychiatric care
Reconstructive surgery following
mastectomy
Smoking cessation (programs/drugs)
Speech therapy
Sterilization
Surgery
Transportation, parking and related
travel expenses
(essential to receive medical care; subject to IRS limits)
Vaccinations
Vasectomy
Weight loss program and/or drugs
(if prescribed by a physician to treat a specific medical condition)
Wheelchair
X-ray fees


Dental
Braces
Dentures
Exams
Extractions
Fillings
Teeth cleaning
X-rays


Vision
Contact lenses
Examinations and glasses
Laser eye surgery
Reading glasses (over-the-counter)


Qualified medical expenses that require a prescription

Acid controllers
Allergy and sinus medicine
Anti-diarrheals
Anti-gas products
Anti-itch and insect bite
Anti-parasitic treatments
Baby rash ointments/creams
Cold sore remedies
Cough, cold and flu
Digestive aids
Feminine anti-fungal/anti-itch
Hemorrhoidal preps
Laxatives
Motion sickness
Pain relievers (for example, aspirin)
Respiratory treatments
Sleep aids and sedatives
Stomach remedies


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