An HRA (Health Reimbursement Arrangement) is used by employees to pay for eligible health care expenses. It is offered in conjunction with a high-deductible health insurance plan. An HRA is owned and funded by the employer. At the end of the year, unused funds may be carried over to the next year at the employer's discretion. If an employee leaves the company, the HRA stays with the employer.

You must wait 90 days before retaking the HRA. Meanwhile, you can review your feedback from your last Quality Health Survey by clicking on Feedback Report from the HRA homepage (accessed through Self Service). Please note that one can only earn the monetary incentive one time per calendar year. ^ TOP

Typically an HSA only allows a Federal deduction, however in some states you can deduct the state tax. The HRA is a business expense which allows for a deduction from Federal, State, and FiCA taxes.

Yes, but be careful. You cannot deduct the same expense for which you have already been reimbursed from your HRA and vice-versa. You should consult with a qualified tax advisor for more information.

Homeowners benefit from several generous tax advantages. The most important benefit is the mortgage interest deduction. People may deduct interest paid on mortgage loans totaling up to $1 million used to buy, build or improve a principal residence plus a second home. The IRS calls such loans acquisition debt. Points paid by the buyer or seller on a new mortgage loan for the purchase or improvement of a principal residence are deductible for the year in which the home was purchased.

Owners of historic properties are eligible for Montgomery County, state and federal tax credits for renovation, restoration and even ordinary maintenance. Please check the Historic Preservation Tax Credit Information section for detailed information.

Because reverse mortgages are considered loan advances and not income, the IRS considers them to be not taxable. Similarly, having a reverse mortgage should not affect your Social Security or Medicare benefits. If you receive SSI, Medicaid, or other public assistance, your reverse mortgage loan advances are only counted as "liquid assets" if you keep them in an account past the end of the calendar month in which you receive them.

You might be able to claim a deduction for student loan interest that you pay on your Federal Consolidation Loan. Consult IRS publication 970 and your tax advisor for details.

No. You are not eligible for the HRA Portability Plan if you are eligible for other group coverage, including COBRA. This also includes Medicare eligibility. You may be eligible for the HRA Individual or Conversion plans. Please review the eligibility criteria for those plans. No. You are not eligible if your prior group benefits terminated for non-payment of premium or fraud. You may be eligible for the HRA Individual or Conversion plans. Please review the eligibility criteria for those plans.