Jenna currently has a job with a corporate company and will not use all of the money in her account before the end of the year. Jenna is staying with this company until she retires. Which type of account will let her carry over $1,000 in the account at the end of the current year to the next year?

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Business

Alessandra Rocha

1 November, 21:59

Jenna currently has a job with a corporate company and will not use all of the money in her account before the end of the year. Jenna is staying with this company until she retires. Which type of account will let her carry over $1,000 in the account at the end of the current year to the next year?

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Steve Walsh · Answer 1

HRA

Explanation:

HRA is health reimbursement accounts (or Health Reimbursement Arrangement). This is a type of employer-funded benefit that reimburse for medical expenses of employees in specific types of cases. Money in this account can be carried at the end of the current to the next year.

So that in the case of Jenna, her current corporate company is the one funding the account. So that, the money would lose when Jenna switches to another job.