{"id":113974,"date":"2024-02-11T07:09:14","date_gmt":"2024-02-11T07:09:14","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/does-hra-money-roll-over\/"},"modified":"2024-02-11T07:09:14","modified_gmt":"2024-02-11T07:09:14","slug":"does-hra-money-roll-over","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-hra-money-roll-over\/","title":{"rendered":"Does HRA money roll over?"},"content":{"rendered":"

Healthcare reimbursement accounts (HRAs) are a popular benefit offered by many employers to help employees cover medical expenses. One common question that arises among employees is whether the money in their HRA account can roll over from one year to the next. The answer to this question varies depending on the type of HRA plan your employer offers.<\/p>\n

There are three main types of HRAs: the integrated HRA, the stand-alone HRA, and the qualified small employer HRA. Each type has its own rules when it comes to rollover of funds.<\/p>\n

For integrated HRAs, the money in your account typically does not roll over from one year to the next. Instead, any unused funds are forfeited at the end of the plan year. Integrated HRAs are usually paired with high-deductible health plans (HDHPs), and the employer often contributes funds to the HRA to help offset the high deductibles employees must meet before their insurance coverage kicks in. Since these funds are intended to cover current-year medical expenses, they are not designed to accumulate from year to year.<\/p>\n

In contrast, stand-alone HRAs and qualified small employer HRAs may allow for rollover of funds. Stand-alone HRAs are not paired with a specific health insurance plan, so the funds in these accounts can often roll over from one year to the next. Qualified small employer HRAs, which are available to small businesses with fewer than 50 employees, also typically allow for rollover of funds.<\/p>\n

If your employer offers a stand-alone HRA or a qualified small employer HRA, it’s important to check with your plan administrator to understand the specific rollover rules that apply to your account. Some plans may allow a portion of the funds to roll over, while others may have a “use it or lose it” policy where any unused funds are forfeited at the end of the plan year.<\/p>\n

In summary, whether or not HRA money rolls over depends on the type of HRA plan your employer offers. Integrated HRAs typically do not allow for rollover of funds, while stand-alone HRAs and qualified small employer HRAs may offer this benefit. It’s important to review your plan documents and speak with your plan administrator to understand the rollover rules that apply to your specific HRA account.<\/p>\n

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