WEX provides Health Reimbursement Arrangement (HRA) solutions that allow employers to offer tax-advantaged accounts to their employees for out-of-pocket healthcare expenses. These HRAs are designed to be flexible and customizable, supporting various structures to meet different organizational needs and compliance requirements.

Key Features

Multiple HRA Types WEX supports a range of HRA structures to accommodate diverse employer needs

• 213(d) HRAs for any IRS-approved medical expense
• Deductible HRAs for reimbursement based on Explanation of Benefits (EOB)
• One Threshold HRAs with predetermined reimbursement thresholds
• Individual Coverage HRAs (ICHRAs) for funding individual health coverage
• Excepted Benefit HRAs (EBHRAs) for additional health-related expenses
• Qualified Small Employer HRAs (QSEHRAs) for small businesses

Customizable Solutions Employers can design flexible HRA offerings tailored to their specific requirements

• Ability to set funding amounts and eligible expenses
• Options to integrate with other benefit accounts
• Support for complex HRA structures and rules

Benefits

Tax Advantages HRAs offer tax benefits for both employers and employees

• Employer contributions are tax-deductible
• Employees receive tax-free reimbursements for qualified expenses

Cost Control Employers can manage healthcare costs while providing valuable benefits

• Set predetermined contribution amounts
• Encourage cost-conscious healthcare decisions by employees