ICHRA Benefit Details
How does an ICHRA 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 ICHRA to pay for healthcare expenses?
You can use your Healthy Dollars card to pay the providers for eligible heatlhcare expenses, or pay with your personal funds and submit a claim for reimbursement.
How will I benefit from an ICHRA?
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.