Page 8 - 61st Street Service Corporation | 2022 Benefits
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Health Reimbursement Account
• Your Health Reimbursement Account (HRA) is a savings account funded by your 61st Street Service Corporation.
• Your employee funds it each year: $500 for single, $750 Ee+1, $1,200 for Ee +2 or more
• It will help you pay for covered services. This includes paying for services that apply to your deductible, such as doctor visits, lab work, hospital stays, and more.
• You won’t pay for services until it’s spent. The HRA will automatically pay for all covered services first. You won’t pay
as long as you have money in your HRA. The money in the HRA may be enough to cover all of your health care costs for the year.
• Remaining money will rollover to use next year.
How the Plan Works
Step 1: Your deductible — Your HRA pays first using your Employer’s contribution
Step 2: Your coverage — You and your plan share the cost of services.
Step 3: Your out-of-pocket limit — You are done paying. When you reach the limit, the plan pays 100%.
8 2022 Benefits Guide
