On June 26, the IRS published Notice 2002-45, 2002-28 IRB 93, and companion Revenue Ruling 2002-41, 2002-28 IRB 75, in which it sanctioned a new form of employer-funded health care reimbursement arrangement to be known as a “health reimbursement arrangement.”
HRA’s are intended to be used to reimburse employees and their dependents for eligible medical care expenses, up to a maximum dollar amount for each period of coverage, with any unreimbursed balance eligible to be carried forward to the next coverage period, including retirement. Employer contributions to and reimbursements from an HRA are to be excludable from gross income pursuant to Code Sections 105 and 106.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
