Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

Can an HSA be used to fund an HRA My employees complain that

Customer Question
Can an HSA be used...
Can an HSA be used to fund an HRA? My employees complain that the turn around time for reimbursements from our HRA is too long (a couple of weeks). Can I fund an HSA for each employee that can be drawn upon as a "bridge" to tide an employee over until the reimbursement arrives?
Submitted: 8 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 16 minutes by:
6/2/2009
Tax Professional: Merlo, Accountant replied 8 years ago
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
Verified
HelloCustomer

HSA funds cannot be used to fund an HRA account or to pay for any type of health insurance premiums, other than Cobra coverage.

I am amazed that your employees are complaining about a two week turn around time on their reimbursements. I recently worked for a company where the turn around time actually took anywhere from 4 to 6 weeks, so two weeks seems pretty reasonable in my mind.

If this was helpful please press the Accept button. Positive feedback is also appreciated.

Thank youCustomer and please let me know if you have any further questions.

Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
Verified
Merlo and 87 other Tax Specialists are ready to help you
Ask your own question now
Ask Merlo Your Own Question
Merlo
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
9,783 Satisfied Customers
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad

Merlo is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Are City tax and Sales Tax on hotel rooms reimbursable after
Are City tax and Sales Tax on hotel rooms reimbursable after a guest stays for more than 30 days? This has to do with guest staying in Falls Church City in Virginia state.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
Company offers $40/month reimbursement for personal cell
Company offers $40/month reimbursement for personal cell phone use after presentation of invoice. Is this taxable? Please quote IRC or other relevant source detail.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,226 satisfied customers
If a non-profit (501-C3) reimburses an employee for a large
If a non-profit (501-C3) reimburses an employee for a large sum expenditure made for the non-profit on the individual's credit card, does it matter if the reimbursement check is made payable to the in… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
How do I set up an tuition reimbursement program through my
How do I set up an tuition reimbursement program through my c corp? and what effects do I need to be aware of with only the CEO receiving the benefit. As of right now, the CEO is the only employee/off… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I'm confused with income tax reimbursement letter. Pa. With
Yes with tax return every year I have recipts for stuff I buy … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Do I report the Insurance reimbursement received in a future
Do I report the Insurance reimbursement received in a future year of a casualty loss rental property of an S Corporation on form 8825 or where on the 1120S? The Rental property was completely destroye… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
285 satisfied customers
Reimbursable travel related to a union member. Specifically,
Reimbursable travel related to a union member. Specifically, is there a special provision in the tax code related to travel of a Union worker. Specifically, I am being told that members of a union --pipfitters--who accpt a jo outside of their home location 9Union0 can deduct travel expenses --both mileage and hotel and food, when applicable. Eventhough their work is with an employer located in the new location. This totally contradicts what I am presently seeing in the tax code. If this is truce could you provide me with the IRS Code … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Are automobile reimbursements taxable? The company I work
The company I work for reimburses me for my auto expenses, but I didn't get a 1099 for the reimbursement, is it taxable? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My wife receives LTC reimbursements from Mass Mutual. I
My wife receives LTC reimbursements from Mass Mutual. I understand that these reimbursements are not taxable but must be entered on Form 8853. When I fill out this form, however, my tax owed increases… read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
Do I have to complete a W9 for getting reimbursed for
Do I have to complete a W9 for getting reimbursed for spending my OWN funds? I'm worried about being double taxed on the amount. … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Where on 1065 do we show reimbursed bus exp for a partner,
where on 1065 do we show reimbursed bus exp for a partner, trucking business, 2 partners, my son and myself. per diem and truck supplies … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If I am reimbursed by my contracting company at the rate of
If I am reimbursed by my contracting company at the rate of $.60 cents per mile for mileage expenses, can I deduct the $.60 per mile as my initial outlay expenses. … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I got a 1099-LTC form for medical reimbursement from a
I got a 1099-LTC form for medical reimbursement from a qualified contract - do I need to report that on form 8853 - it was not as per diem but as reimbursed amount … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
In the future if I decide to use my employer reimbursement
In the future if I decide to use my employer reimbursement for my schooling does that could as income when filing taxes?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
My spouse is reimbursed for OUR costs for health insurance
My spouse is reimbursed for OUR costs for health insurance directly by her employer. MY employer pays for me, and I pay my employer directly, the amounts my spouses employer pays for my wife's insuran… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,300 satisfied customers
I have a question on tuition reimbursement and when it is
I have a question on tuition reimbursement and when it is required to be reported on W2's … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
What are the legal obligations in reimbursing an investment?
My ex boyfriend became a business partner in my professional LLC. It was all done through his lawyer. I later found out since he is not licensed in my profession the transaction is null and void. My a… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Can I submit reimbursement requests for an entire year and
Can I submit reimbursement requests for an entire year and have my company reimburse me? They are willing to do that, just need to know if that would cause any tax issues or red flags. They are legit … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x