Health Reimbursement Arrangement Guidebook

Health Reimbursement Arrangement Handbook

An HRA is a tax-advantaged account funded by your employer to cover your health care costs. The money contributed to this account is not taxed, and you can access these funds to pay for any qualified medical expense for you or your dependents.

• Multiple uses. There are hundreds of eligible expenses for your HRA funds, including prescriptions, some over-the-counter medications, doctor office copays, health insurance deductibles and coinsurance. HRA funds may even be used for eligible expenses for your spouse or federal tax dependents. See the list of Eligible Expenses for more details.
• Easy to access. Funds in the account are easily accessed with the payment card. Your account balance is available at any time online, through the mobile app, or over the phone.
• Rapid reimbursements. Paying for health care expenses is easy when you use your payment card. If you do not use your card, you can quickly and easily create your claim online. Once you submit your receipts, we will reimburse you via check or direct deposit.
• Out-of-pocket costs are covered. You are responsible for any portion of your health care that is not covered by your medical, dental or vision plans, including the deductible, copays, coinsurance and other unreimbursed amounts. The HRA can be used to cover these costs.
• Tax advantages. Contributions are not taxable to you, and distributions are not taxable as long as they are spent on eligible health care expenses.