A health reimbursement arrangement MUST be established

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Study for the Medical Expense Insurance Exam. Prepare with flashcards and multiple-choice questions; each has hints and explanations. Ace your exam!

Multiple Choice

A health reimbursement arrangement MUST be established

Explanation:
Health Reimbursement Arrangements are employer-established plans to reimburse employees for qualified medical expenses. The employer designs the plan, sets eligibility, and funds the account, with reimbursements typically tax-free. Because the arrangement is created and controlled by the employer, it’s not something the employee can set up on their own, nor is it established by the government or by an insurer. An insurer might administer or sponsor related services under the employer’s HRA, but the legal establishment of the HRA itself lies with the employer.

Health Reimbursement Arrangements are employer-established plans to reimburse employees for qualified medical expenses. The employer designs the plan, sets eligibility, and funds the account, with reimbursements typically tax-free. Because the arrangement is created and controlled by the employer, it’s not something the employee can set up on their own, nor is it established by the government or by an insurer. An insurer might administer or sponsor related services under the employer’s HRA, but the legal establishment of the HRA itself lies with the employer.

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