Page 11 - AFL 2022 Grandfathered Guide with Legal Notices

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 MEDICAL EXPENSES UNUSED FUNDS ROLL YOU CAN USE HRAs
OVER WITH AN FSA
This includes out-of-pocket expenses to meet
your deductible, copays and coinsurance. If you have HRA credits left over at If you have an HRA, you can also
Your HRA helps you pay your deductible by the end of the year, and you’re still contribute to a Health Care Flexible
paying the first $750 (single) or $1,250 (family) enrolled in the HRA medical plan, Spending Account (FSA), to give
of eligible medical expenses. Once you have your funds will roll over. yourself even more pretax dollars
exhausted the funds in the HRA, you are If you leave the company or change to pay for out-of-pocket medical,
responsible for the remaining difference to plans, however, you will forfeit any dental and vision expenses.
meet your deductible. Remember that you can roll over
remaining balance. up to $500 dollars from your FSA
When you enroll in a medical plan that is at the end of the plan year.
attached to an HRA, the company funds the
HRA with $750 for individual coverage and
$1,250 for family coverage. You are not able to
make contributions to the HRA. (HRA funding
is prorated for new hires.)

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