Family Medical Expenses/Business Expense Q.

[Mom2Two]

Hi Tom,

Cool blog post. We have insurance through DH's work but we still pay a lot in premiums and we have additional expenses--at least $2K/year.

We didn't set up an HRA through his work for medical expenses this past open enrollment (November), because we were waiting to hear about possible financial aid (which we didn't get).

But we have enough medical expenses that we should do something.

Can we still set up a business HRA for this year?

[TomCopeland]

medical reimbursement plan

Hi Tom,

Cool blog post. We have insurance through DH's work but we still pay a lot in premiums and we have additional expenses--at least $2K/year.

We didn't set up an HRA through his work for medical expenses this past open enrollment (November), because we were waiting to hear about possible financial aid (which we didn't get).

But we have enough medical expenses that we should do something.

Can we still set up a business HRA for this year?

You don't set up an HRA through his work. You have to set this up through an outside company, such as TASC. You can set it up for medical expenses starting now.