Stethoscope on the Cardiogram

Health Reimbursement Account (HRA) Benefit Details

How does an HRA work?

An HRA is a reimbursement account set up and funded by your employer that helps you pay for qualified medical expenses incurred throughout the plan year on a tax free basis.

How do I use my HRA to pay for healthcare expenses?

You can use your Healthy Dollars, Inc account to pay your providers for eligible healthcare expenses, or pay with your personal funds and submit a claim for reimbursement.

What happens to the funds at the end of the plan year?

The rollover amount or unused funds, if any, is decided by the employer and specified in the Plan Document which is provided to all HRA participants.

How will I benefit from an HRA?

An HRA is offered in conjunction with your health insurance plan and is designed to help offset out-of-pocket financial responsibilities associated with your healthcare. The funds in the account can be used to pay for typical medical expenses not covered by your insurance plan such as doctor office visits, copays, prescription drugs, and hospital services.
The money your employer contributes to the account is not included in your salary and is not considered taxable income.

What are some qualifying expenses?

Eligible expenses will be outlined in the summary plan document and typically include:
* Copays, deductible payments, coinsurance
* Doctor office visits, exams, lab work
* Hospital visits
* Prescription drugs

Can I withdraw money from my HRA account?

You cannot withdraw money from the account from a bank or atm.  You must use your Healthy Dollars card, submit manual claims or pay the provider directly with the funds.