Health Retirement Accounts
A health retirement account is a type of Health Savings Account that will stay with you through retirement. An HRA is maintained by an employer on behalf of the employee and is a great way for individuals to build a second retirement account.
Health retirement accounts are available to anyone who qualifies for a high deductible medical plan. When you open an HRA, you can make tax deductible installments which will then develop much like an IRA. Tax-free withdrawals can be made at any time to pay for medical expenses.
For more information about health retirement accounts and the benefits they offer, please contact the helpful agents at Bell-Anderson Insurance.