Financially Simple

In episode 220 of Financially Simple, Justin answers a question about having a Health Reimbursement Arrangement. A listener of the podcast asks, "I am a CPA about to get clients involved in a Spouse-Only HRA - What did you mean in your article 'You must have a health plan to participate,'?" Justin responds, explaining what HRAs are, how they work, and the rules that apply. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:08 - Ask Justin: The HRA 01:55 - The Question 02:25 - Hiring a Spouse as an Employee 03:58 - What is an HRA? 05:18 - 1: The Business Sets a Monthly Allowance Amount 10:33 - 2: Employees Buy What Fits Their Personal Needs 11:15 - 3: Employees Submit Proof of Purchase 12:26 - 4: The Business Reimburses Employees 12:50 - Answering The Question 17:09 - Special Rules 19:19 - Summary _________________   RESOURCES: Ask Justin a Question Financially Simple Educational Website Financially Simple on YouTube Subscri