Page 12 - 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 medical expenses Unused funds roll over You can use HRAs
with an FSA
This includes out-of-pocket expenses to meet your If you have HRA credits left over
deductible, copays and coinsurance. Your eligible at the end of the year, and you’re If you have an HRA, you can
health care expenses are automatically deducted still enrolled in the HRA medical also contribute to a Health Care
from your HRA and paid to your health care provider. plan the following year, your funds Flexible Spending Account
Once you meet the plan’s annual deductible, you roll over up to X times the annual (FSA), to give yourself even more
pay XX% for in-network services and XX% for out- company contribution. pretax dollars to pay for out-of-
of-network services until you reach the plan’s annual pocket medical, dental and vision
out-of-pocket maximum. If you leave the company or expenses. Remember that unused
change plans, however, you will FSA funds are forfeited from one
When you enroll in a medical plan that is attached to forfeit any remaining balance. program year to the next, due to
an HRA, the company funds the HRA with $XXX for IRS rules.
individual coverage and $XXX for family coverage.
You are not able to make contributions to the HRA.
(HRA funding is prorated for new hires.)
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