What are the benefits of offering HRAs to my employees?
HRAs allow employers to provide pre-tax funds to employees to pay for medical expenses on an as-needed basis.
- HRAs are considered tax-free fringe benefits, not wage or salary compensation. Employers don't have to pay taxes on the HRA funds provided to employees.
- HRA funds are tax-free for employees.
Note: Zenefits is not accepting new HRA clients.
Thank you for the feedback!