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What is the name for reimbursement accounts for qualified medical and childcare expenses?
Wiki User
∙ 13y ago
What is the name for reimbursement accounts for qualified medical and child care expenses?
A. cafeteria plans. B. deferred compensation plans. C. option plans. D. Flexible Spending Accounts.
d
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoflexible spending account...
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What is unrecoverable expenses?
Unrecoverable expenses are out of pocket expenses that you cannot obtain reimbursement on
What is unrecoverable?
Unrecoverable expenses are out of pocket expenses that you cannot obtain reimbursement on
Can you explain a health reimbursement account?
Health Reimbursement Accounts (HRAs) are health care plans paid for by an employer to reimburse the medical expenses of its employees, their spouses, and dependents. HRAs are designed to give employees more choice and greater control over their health care coverage. Health Reimbursement Accounts are funded solely by the employer, and cannot be funded through employee salary deductions. The employer sets the parameters for the Health Reimbursement Accounts, and unused dollars remain with the employer - they do not follow the employee to new employment.
What is a health reimbursement account?
Health Reimbursement Accounts (HRAs) are health care plans paid for by an employer to reimburse the medical expenses of its employees, their spouses, and dependents. HRAs are designed to give employees more choice and greater control over their health care coverage. Health Reimbursement Accounts are funded solely by the employer, and cannot be funded through employee salary deductions. The employer sets the parameters for the Health Reimbursement Accounts, and unused dollars remain with the employer - they do not follow the employee to new employment.
With the split disbursement option the vendor receives direct reimbursement for travel card expenses?
The question should be "With the Split Disbursment Option, who reeives direct reimbursement for Travel Card expenses? The answer is :Payment goes directly to Bank for Travel Card expenses
What is a health reimbursement agreement HRA plan?
A Health Reimbursement Arrangement, or HRA, is an IRS approved, employer-funded, tax advantaged employer health benefit plan that reimburses employees for out of pocket medical expenses and individual health insurance premiums. A health reimbursement arrangement is not health insurance. A health reimbursement arrangement allows the employer to make contributions to an employee's account and provide reimbursement for eligible expenses. A health reimbursement arrangement is an excellent way to supplement health insurance benefits and allow employees to pay for a wide range of medical expenses not covered by insurance. It is often referred to (incorrectly) as a health reimbursement account.
What is a Health Reimbursement Arrangement?
A Health Reimbursement Arrangement, or HRA, is an IRS approved, employer-funded, tax advantaged employer health benefit plan that reimburses employees for out of pocket medical expenses and individual health insurance premiums. A health reimbursement arrangement is not health insurance. A health reimbursement arrangement allows the employer to make contributions to an employee's account and provide reimbursement for eligible expenses. A health reimbursement arrangement is an excellent way to supplement health insurance benefits and allow employees to pay for a wide range of medical expenses not covered by insurance. It is often referred to (incorrectly) as a health reimbursement account.
What is a section 105 medical reimbursement plan?
Section 105 medical reimbursement plans allow small business owners to pay for medical expenses tax-free. An employer can reimburse an employee for medical and insurance expenses incurred by the employee or his or her dependents, but they must be allowed under the plan document, which is created by the employer and outlines the expenses eligible for reimbursement. Section 105 medical reimbursement plans are more commonly known as Health Reimbursement Arrangements (HRAs), and are typically managed using HRA Administration Software.
How do you record reimbursement in a journal entry?
At the time when i incurred expenses on behalf of company expenses a/c dr. Cash/bank a/c cr. At the time when i got reimbursement for the amount bank/cash a/c dr. Party a/c cr.
Is accounts payable same as expenses?
No
Journal entry in reimbursement of expenses incurred in the conduct of audit?
Reimbursement expenses you keep track separetely with operational expenses if our company pays the expenses the journal entry should be (1) Re-imbursement expenses a/c DR xxx To cash a/c .... xxx (2) As the same expenses we need to re-imburse this expenses from other ABC company ABC company a/c Dr xxx To Re-imbursement expenses A/c xxx In the first Journal we debited the expenses and the second we same credited the expnenses.
Can you explain a health reimbursement plan?
Health reimbursement plans are more commonly known as Health Reimbursement Arrangements (HRAs). Many businesses use these plans as their sole employer-sponsored health coverage. A businesses might also use a Section 105 medical reimbursement plan as a supplement to traditional employer health insurance to reimburse deductibles, dental or vision. Section 105 of the IRS code allows small business owners to pay for medical expenses tax-free. With a Section 105 health reimbursement plan, an employer can reimburse an employee for medical and insurance expenses. These can be expenses incurred by the employee or his or her dependents, but they must be allowed under the plan document, which is created by the employer and outlines the expenses eligible for reimbursement.
