What types of expenses can be reimbursed through a Health Reimbursement Account?

A Health Reimbursement Account (HRA) is designed to reimburse employees for specific types of medical expenses incurred for themselves and their dependents. The correct choice is about "qualified medical expenses," which refers to costs that meet criteria set by the IRS, such as co-pays, deductibles, certain medications, and necessary medical supplies.

Qualified medical expenses are defined by the IRS and typically include a variety of healthcare-related costs that are deemed eligible for reimbursement under an HRA. This adherence to IRS guidelines ensures that the reimbursements comply with regulatory standards, allowing for tax-free reimbursement of those expenses.

In contrast, some of the other options may not align with the scope of what can be reimbursed through an HRA. For example, while all health-related expenses may seem inclusive, HRAs have specific guidelines limiting reimbursement only to those expenses that qualify under IRS regulations. Premium payments and long-term care insurance premiums also generally fall outside the purview of HRA reimbursements, as they are not classified as qualified medical expenses under the direct criteria provided by the IRS for these accounts.