Deductible Reimbursement Account

Deductible Reimbursement Account Overview Flyer

The DRA is Paired Perfectly with Other Benefit Plans 

A Deductible Reimbursement Account (DRA) enables employees to pay for out-of-pocket medical, dental, vision, and prescription drug expenses with post-tax dollars.

Health Savings Account (HSA)

  • Tool for employee’s HSA account while growing their savings
  • Bridge the gap when changing from a FSA to an HSA account
  • Excess funds at the end of the year can be used to fund HSA account

Health Reimbursement Account (HRA)

  • Account for employees who are responsible for paying the first portion of their deductible expenses

Flexible Spending Account (FSA)

  • Excess funds for employees who anticipate exceeding their medical/limited FSA contribution limit 

Eligible Expenses listing 

  • Ambulance fees
  • Chiropractic care
  • Coinsurance, Contact lens(es) & solution
  • Deductibles
  • Dental fees
  • Dentures
  • Diagnostic testing fees
  • Prescription eyeglasses
  • Hospital bills
  • Insulin
  • Laboratory fees
  • Nurse fees
  • Obstetrical expenses
  • Practical nurse fees
  • Operations
  • Orthodontia
  • Physician fees
  • Psychologist fees
  • Laser eye surgery
  • Routine physicals
  • Surgical fees 
  • Employee Benefits

    • The total election amount is available for use on the 1st day of the plan year!
    • Excess money left in the account at the end of the plan year or upon termination will be refunded!
    • Contributions are payroll deducted throughout the entire plan year!
    Employer Benefits

    • No overspent accounts!
    • Employers can payroll deduct employee who have over-spent account upon an employee’s terminations!
    • No IRS oversight on DRA maximum!