Page 11 - Guaranty Home Mortgage-2022-Benefit Guide
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Health Reimbursement Arrangement
A Health Reimbursement Arrangement (HRA) is an account the company funds that you can use to pay for qualified health
care expenses.
It helps you pay for You can use HRAs
medical expenses with an FSA
This includes out-of-pocket expenses to meet your deductible, If you have an HRA, you can also contribute to a Health Care
and coinsurance. Your eligible health care expenses are Flexible Spending Account (FSA), to give yourself even more
automatically deducted from your HRA and paid to your health pretax dollars to pay for out-of-pocket medical, dental and
care provider. Once you meet the plan’s annual deductible, vision expenses.
you pay 50% for services until you reach the plan’s annual
out-of-pocket maximum.
When you enroll in a medical plan that is attached to an HRA,
the company funds the HRA with $4,000 for individual coverage
and $8,000 for family coverage. You are not able to make
contributions to the HRA. (HRA funding is prorated for new hires.)
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