Health Reimbursement Account
What is a Health Reimbursement Account (HRA)?
A Health Reimbursement Account is an IRS approved, employer-funded plan that reimburses you for out-of-pocket eligible healthcare expenses. In most cases, any excess Flex Credits will be directed to the HRA account. The program includes a “Use It or Lose It” provision, where all claims must be incurred by December 31 of the plan year.
What is the Plan Limit?
The minimum amount is $120.00 and the maximum amount is $5,000.00. Any additional excess Flex Credits above the $5,000 limit will be forfeited.
Can I also participate in a Flexible Spending Health Care Account if I have an HRA?
Yes, you may participate up to a maximum of a combined limit of $5,000 (you cannot have more than $5,000 between the two accounts).
How Does the HRA Work?
The HRA will be administered by the County’s spending account administrator and will have similar eligible expenses as an FSA, including a combined rollover total of $500 between the FSA and the HRA.
You will not be eligible for the rollover if you elect an HSA for the next plan year. You must have an active account at the end of the year in order to be eligible for rollover.
Visit www.asiflex.com or
call (800) 659-3035 for more information.