The cost of living in Venice, Florida (FL) is lower than the average cost of living in the state of Florida and lower than the nationwide city average.The average annual pay in Venice is $40,567.00, which is $3,082.00 lower than the salary average in Florida and lower than the U.S. average yearly wages by $9,241.00.he average annual pay in Venice is $40,567.00, which is $3,082.00 lower than the salary average in Florida and lower than the U.S. average yearly wages by $9,241.00.
Health Reimbursement Account is a notional derivative of a Health Reimbursement Arrangement (HRA), a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses.
DEFINITION of 'Health Reimbursement Account-HRA'. Employer-funded plans that reimburse employees for incurred medical expenses that are not covered by the company's standard insurance plan.Because the employer funds the plan, any distributions are considered tax deductible (to the employer). Reimbursement dollars received by the employee are generally tax free.The downside to HRAs is that companies may choose whether to start or fund such a plan.ecause the employer funds the plan, any distributions are considered tax deductible (to the employer). Reimbursement dollars received by the employee are generally tax free. The downside to HRAs is that companies may choose whether to start or fund such a plan.