A Health Reimbursement Arrangement (HRA) is a tax-advantaged benefit that allows both employees and employers to save on the cost of healthcare. HRA plans are employer-funded medical reimbursement plans. It's a kind of health spending account used to pay for your share of health care costs.
The city funds your HRA account as follows:
Whenever you incur medical or prescription expenses, the payment should be made from your HRA account using your TASC card. There are IRS guidelines that define eligible expenses. Dental claims are not covered. However, the medical plan may pay for certain oral care that it deems “medically necessary.” It is advisable to contact our insurance carrier to have that determination made before seeking treatment in non-emergency situations.
Your deductible is accumulated separately. Whoever meets the $2600 first will get their claims paid at 100 percent of our Allowed Amount. If the family combines to meet the $5,200 all covered services are paid at 100 percent of our Allowed Amount.
All fund balances are forfeited to the city after the close of the plan year.Contact TASC