Employer-funded health reimbursement accounts (HRAs) give you money to spend on out-of-pocket medical expenses. You receive the money tax-free, so it doesn't increase your taxable income.

An investment in your health
Your employer contributes a set amount to your HRA each year. You can then use the money to pay for eligible medical expenses, such as prescriptions, copayments and eyeglasses.

Your employer decides whether unused funds can carry over in your account from year to year, and the funds stay put if you leave the company or organization. So, it's important to consider your career plans when planning for medical costs.