Health Reimbursement AccountA health reimbursement account, or HRA, is an account your employer may set up and fund for you to supplement your health plan. Your employer owns the HRA and can set up rules for how the account works. Show Your employer decides:
It’s important to know how your specific plan works. Log in to My Health Toolkit® to manage your HRAMy Health Toolkit is a great resource for accessing information about your full health benefits, including your HRA. Sign into the secure site or use the mobile app to check your balance, learn about how your HRA works with your specific plan, and more. Need to file an HRA claim?Easily download an HRA claim form any time you need one. Health Reimbursement Arrangement (HRA)A Health Reimbursement Arrangement (HRA) is a plan that lets employees control how their health care dollars are spent. The plan combines a health insurance plan with an HRA funded by the employer. How the HRA works Consider the example using one of our qualified plans with a $1,000 deductible, $1,000 coinsurance:
An HRA offers:
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Q. How are claims for orthodontia expenses reimbursed? Q. What happens to the account balance if the member doesn’t use all the money deposited for the
current year? Q. What happens if the member has eligible medical expenses at the end of the plan year and a claim is not
submitted by the end of the plan year? Q. Can a member change the amount of money set aside in a Blue by Design account(s) during the plan year? What does my HRA cover?An HRA, or health reimbursement arrangement, is a kind of health spending account provided and owned by an employer. The money in it pays for qualified expenses, like medical, pharmacy, dental and vision, as determined by the employer.
What does HRA not cover?An HRA only covers qualified medical and dental expenses. According to the Internal Revenue Service (IRS), medical expenses are costs incurred to alleviate or prevent a physical or mental ailment, not expenses to maintain general health, such as vitamins.
How does an HRA plan work?With an HRA, an organization offers employees a monthly allowance, and employees pay for the medical coverage and expenses that best fits their needs. The employer then reimburses the employee up to their allowance.
Are HRA Plans good?HRAs are an excellent way to provide a well-rounded health benefit and allow employees to pay for the specific medical expenses that meet their individual needs. It's an especially budget-friendly option for small businesses that can't afford a group health insurance plan.
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