Which of the following descriptions characterizes a health reimbursement account (HRA)?

Which of the following descriptions characterizes a health reimbursement account (HRA)?



A) A tax-exempt trust or account in a financial institution in which the account holder saves money for qualified medical expenses

B) A cafeteria plan with several components

C) A tax-exempt trust or account designed to pay for qualified medical expenses of the account holder

D) An employer-funded account that pays employees for qualified medical expenses they incur



Answer: An employer-funded account that pays employees for qualified medical expenses they incur

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