Healthcare Benefits

Employee Benefits

Tips for Managing Your HRA

While your Health Reimbursement Arrangement (HRA) is designed to be simple, all HRAs are governed by pretty strict rules set by the IRS.

Here are five easy ways to comply with the rules and get the most out of your HRA.

1. Know Who’s Eligible

Your HRA covers qualified healthcare expenses for you and your eligible dependents. Eligible dependents include a spouse, children under the age of 26, and children over age 26 who are tax dependents. Domestic partners are eligible if they qualify as tax dependents.  

2. Know What’s Eligible

Your employer determines what’s eligible for reimbursement from your HRA. Generally, eligible expenses include medical, vision, and dental care services and products that are medically necessary to treat a specific medical condition, office visits, diagnostic tests, and immunizations. Look up a specific eligible expense, or log into your WageWorks account for a complete list.

3. Keep Your Receipts

The IRS has specific rules for HRAs and you always have to verify expenses with receipts. Save receipts for each eligible expense you submit for reimbursement under your HRA. Make sure receipts include the following five pieces of information:

  1. Patient's Name. The name of the person who received the service or for whom the item was purchased. For retail store purchases, this information may be excluded.
  2. Provider's Name. The provider that delivered the service or the merchant where the item was purchased.
  3. Date of Service. The date when services were provided or the item was purchased.
  4. Type of Service. A detailed description of the service provided or item purchased. A bag tag is sufficient for prescriptions.
  5. Cost. The amount paid for the service or product and/or the portion that is not reimbursed through your insurance carrier.

WageWorks makes it easy to manage your receipts. Take a photo of each receipt and store them in the WageWorks® EZ Receipts® mobile app

4. Watch Where You Shop

Get reimbursed for your eligible expenses quickly. Use the WageWorks Healthcare Card associated with your HRA at pharmacies, healthcare providers, and general merchandise stores that have an IRS-approved Inventory Information Approval System in place when you check out. Before using your card, always visit the site for a list of approved merchants that have an IRS-approved inventory system in place. 

5. Monitor Your Account

WageWorks makes it easy to manage your HRA. Log into your WageWorks account via a secure web portal regularly to check balances, view claims, verify expenses, upload copies of receipts, and more! Sign up to receive text and email alerts so you won’t miss important notices and always know what’s going on with your account.

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