A Health Reimbursement Plan (HRP) is a type of Medical Reimbursement Plan designed for individual health insurance reimbursement. Employers often use a Health Reimbursement Plan as the foundation of defined contribution health benefits. A Health Reimbursement Plan is similar to a business expense account for personal health insurance.
A Health Reimbursement Plan is an employer-funded, tax-advantaged benefit designed to reimburse employees for individual health insurance premiums.
A Health Reimbursement Plan is not considered health insurance. Rather, it is a way to provide allowances for individual health insurance reimbursement.
Health Reimbursement Plans are a type of Section 105 Self-Insured Medical Reimbursement Plan, and are commonly referred to as HRPs or Healthcare Reimbursement Plans.
The sections outlined on our navigation bar provide more information about Health Reimbursement Plans including how they are used, pros and cons, design and compliance considerations, and FAQs.
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