HRA 2018-10-11T16:18:25+00:00

HRA (Health Reimbursement Account)

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Health Reimbursement Account

The HRA is an employer-sponsored plan that can be used to reimburse a portion of you and your eligible family member’s out-of-pocket medical expenses, such as deductibles, coinsurance, and pharmacy expenses. Your employer has designated a specific dollar amount to credit to the account (either monthly or annual contributions). You choose which out-of-pocket qualified medical expenses you would like to submit for reimbursement. Unused account balances will be rolled over to the following plan year provided your employer continues to offer the program and you remain enrolled in it.

WHAT IS AN HRA?

An HRA is a program that is fully funded by your employer and is designed to help you pay for out-of-pocket medical expenses.

  • Who can put money in my HRA? 

    Your employer puts money into your HRA and you choose how your healthcare dollars are spent.

  • How do I know how much is contributed to my HRA each plan year? 

    At the beginning of each plan year, your employer will notify you of the amount they will contribute to your HRA for that plan year.

  • Do I need to enroll each plan period? 

    Yes. All eligible employees must enroll each year during the open enrollment period. Your employer will instruct you on how to complete enrollment.

  • Can I be reimbursed for my  dependents’ medical expenses?

    Yes, as long as your dependent meets the definition of a dependent as defined by the IRS and is included in your employer’s plan.

How it Works

Your employer puts money into your HRA and you choose how your healthcare dollars are spent.

You can use you HRA dollars and your Prepaid Benefits Card to pay for expenses like: 

  • Routine health care: office visits, X-rays, lab work
  • Hospital expenses: room and board, surgery
  • Medications: prescription and over-the-counter (OTC) drugs when prescribed by a physician
  • Dental care: cleanings, fillings, crowns
  • Vision care: eye exams, glasses, contacts
  • Copays and coinsurance (the portions of health care bills paid by you)
  • Eligible over-the-counter (OTC) items2 such as: First Aid Dressings and Supplies –bandages, rubbing alcohol
  • Contact Lens Solutions/Supplies
  • Diagnostic Products like thermometers, blood pressure monitors, cholesterol testing
  • Insulin and Diabetic Testing Supplies

1 If allowed by your benefit plan

2 The list of eligible OTC items changed per the Patient Protection and Affordable Care Act of 2010. Contact your Plan Administrator for more information or visit www.irs.gov for details

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