Health Reimbursement Account (HRA)
Heath Reimbursement Account (HRA)
HRA plans are employer-funded medical reimbursement plans. The employer sets aside a specific amount of pre-tax dollars for employees to pay for health care expenses on an annual basis.
A Health Reimbursement Account (HRA) will be offered in 2019 to AURA employees that are enrolled in one of the HMSA plans to help pay for the additional out-of-pocket medical expenses. Medical expenses that are applicable to the health plan's deductible qualify for reimbursement.
- The plan deductible per member is $350 and the HRA will reimburse up $175 per member up to the family deductible $525 of the $1050 family deductible for In-Network medical deductible expenses.
- Members will be responsible for the second $175 per member up to the family deductible of In-Network medical deductible expenses
Employees should submit claims for reimbursement to TASC per the submission procedures and will need to ensure that they submit the HMSA explanation of benefits with their claim documents.