Page 20 - 2015 Advia CU Benefits & Notices
P. 20
Advia CU - MI 2015
Health Reimbursement Arrangement (HRA)
A Health Reimbursement Arrangement (HRA) is an IRS-approved program which allows the Credit
Union to share in the cost of specific expenses within designated health plans.
One of the PPO plans and one of the HMO plans are both HRA plans. If you choose either of these
plans, the Credit Union will assist you in paying part of the deductible should you or a covered family
member require a service(s) subject to the deductible.
Here is how they work:
HRA PPO 1500
Deductible: $1,500 Single / $3,000 Family
Employee pays first $750 of each single deductible
Advia CU pays remaining $750 of $1,500 deductible
Maximum deductible exposure for Employee:
$750 for single contract or $1,500 for Family (Employee plus one
or more)
Health Equity (HEQ) HRA will receive information from BCBSM on each
claim against deductible.
HEQ will pay provider for CU-paid portion.
Employee may use FSA Benny card funds for their portion of deductible.
BCN HRA 1000
Deductible: $1,000 Single / $2,000 Family
Employee pays first $500 of each single deductible
Advia CU pays remaining $500 of $1,000 deductible
Maximum deductible exposure for Employee:
$500 for single contract or $1,000 for Family (Employee plus one or more)
Blue Care Network (BCN) HRA will receive information from BCN on each claim against deductible.
BCN will pay provider for CU-paid portion.
Employee may use FSA Benny card funds for their portion of deductible.
Health Savings Account (HSA)
A Health Savings Account (HSA) is a special account in which employees can deposit money
from their paycheck tax free to pay for eligible medical out of pocket expense. In order for these
tax free deposits to be made, all of the following must occur:
(1) The associated PPO or HMO must be HSA-compatible, and
(2) The person(s) covered on the HSA-compatible cannot be dual covered, and
(3) The person(s) covered on the HSA-compatible are eligible for only a Limited FSA.
Salus Group© Copyright 2014 Page | 20
Health Reimbursement Arrangement (HRA)
A Health Reimbursement Arrangement (HRA) is an IRS-approved program which allows the Credit
Union to share in the cost of specific expenses within designated health plans.
One of the PPO plans and one of the HMO plans are both HRA plans. If you choose either of these
plans, the Credit Union will assist you in paying part of the deductible should you or a covered family
member require a service(s) subject to the deductible.
Here is how they work:
HRA PPO 1500
Deductible: $1,500 Single / $3,000 Family
Employee pays first $750 of each single deductible
Advia CU pays remaining $750 of $1,500 deductible
Maximum deductible exposure for Employee:
$750 for single contract or $1,500 for Family (Employee plus one
or more)
Health Equity (HEQ) HRA will receive information from BCBSM on each
claim against deductible.
HEQ will pay provider for CU-paid portion.
Employee may use FSA Benny card funds for their portion of deductible.
BCN HRA 1000
Deductible: $1,000 Single / $2,000 Family
Employee pays first $500 of each single deductible
Advia CU pays remaining $500 of $1,000 deductible
Maximum deductible exposure for Employee:
$500 for single contract or $1,000 for Family (Employee plus one or more)
Blue Care Network (BCN) HRA will receive information from BCN on each claim against deductible.
BCN will pay provider for CU-paid portion.
Employee may use FSA Benny card funds for their portion of deductible.
Health Savings Account (HSA)
A Health Savings Account (HSA) is a special account in which employees can deposit money
from their paycheck tax free to pay for eligible medical out of pocket expense. In order for these
tax free deposits to be made, all of the following must occur:
(1) The associated PPO or HMO must be HSA-compatible, and
(2) The person(s) covered on the HSA-compatible cannot be dual covered, and
(3) The person(s) covered on the HSA-compatible are eligible for only a Limited FSA.
Salus Group© Copyright 2014 Page | 20
