Flexible spending accounts fsas health reimbursement hras. I am reimbursed by my former employer for my medicare part b premiums that are deducted from my social security payment. The irs also refers to this as a health reimbursement arrangement. Participants in the opers medicare connector will be reimbursed for qualifying medical expenses through a health reimbursement arrangement upon enrolling in a medical plan through oneexchange. The money in it pays for qualified expenses, like medical, pharmacy, dental and vision, as determined by the employer. Faxed and mailed claims may take longer to process than electronic claims and will not appear in your account until reimbursement occurs. We explain what a health reimbursement account is, how it can be used, and the different ways it can be setup. Its a type of health plan you sponsor for your employees. If you want a better way to keep your people covered, youre covered. These funds can be used to reimburse you andor your spouse for eligible health care expenses. You do not report the payments under a health reimbursement arrangement hra provided by your employer since you cannot deduct any medical expenses including medicare premiums that are. The following explains the steps for filing your hra claim for reimbursement either manually, online using the participant portal, or using paper method.
Public transportation automated reimbursement system. Health reimbursement arrangement hra reference guide for 2019. Jan 1, 2015 plan and managing the health reimbursement plan to the. Health reimbursement account hra human resources at ohio. Opers continues its communications efforts to medicare eligible retirees a and b beginning jan. This workshop provides retirees with open enrollment and health care funding information, and helps retirees understand how to manage their hra. Unused amounts may be rolled over to be used in subsequent years. Customized hra solutions that are easy to administer and simple to use. Accessing your hra as a siemens employee, your hra is set up in your name.
Pretax health how to submit your hra claim for reimbursement. For quick and easy processing, please login online to submit your claim. Were happy to share that you have qualified for an opers. A health reimbursement arrangement, or hra, is an account funded by opers that provides taxfree reimbursement for qualified medical expenses. Expense reimbursement software can streamline the process of managing the reimbursements in any organization. There will also be information to help retirees understand how to manage their health reimbursement arrangement hra. In order to satisfy irs requirements, certain documentation is needed to process. Siemens automatic contribution, as well as any healthy rewards earned by you or your covered spouse or domestic partner, will be deposited into your hra for you to decide how to use.
Flexible spending accounts fsas commuter benefits health savings account hsa cobradirect billing. Irs publication 502 applies to tax deductible expenses for federal income tax purposes, so some items listed are not eligible for reimbursement under the hra program because the hra program is subject to additional irs requirements. Opers health care director discusses hra perspective. The ohio public employees retirement system has released the latest monthly health care chat with opers health care director marianne steger. Instead of receiving medical, prescription drug, dental and vision coverage through your conferences chosen health insurance company, you will now be responsible for choosing your. Dependent care flexible spending accounts dcfsas provide employees with taxpreferred options for managing care for children and dependent. Highmark blue cross blue shield delaware flexible bene. The hra is provided to eligible retirees for reimbursement of qualified outofpocket medical expenses. Today, opers is the 12thlargest public pension plan in the united states. A health reimbursement arrangement hra is an employerfunded benefit in which your employer contributes money into an account which you can use to pay, or be reimbursed, for outofpocket medical, dental and vision expenses that you incur. An hra is funded solely by the employer or plan sponsor.
Submit one specialized reimbursement form at the beginning of the year to setup automatic reimbursement for the. There are strict rules outlining how hra reimbursement requests. You will have the opportunity to ask general questions at the end of the webinar. Your employees can use it to help pay for eligible medical expenses. You can use your account to pay for a variety of healthcare products and services for you, your spouse, and your dependents. The hra is an employersponsored plan that can be used to reimburse a portion of you and your eligible family members outofpocket medical expenses, such as deductibles, coinsurance and pharmacy expenses. If the chp is your primary health plan, in most cases the processing works like this. Eligible retirees will receive an allowance, deposited monthly into a. It also helps adherence to policy, prevents fraud, and saves time, money, and effort. Health reimbursement account benefits everything you need to. In order to help employees deal with the high deductible amount each year, employers can establish a health reimbursement arrangement, or hra, that. Opers provides an allowance to medicare eligible retirees through a health reimbursement arrangement hra to help them offset the cost of that coverage. By signing below, i certify that the information provided on this reimbursement form.
Here are some of the things you should know before you jump into an hra. When does my hra pay if i have coverage under another health plan. Money from the hra helps them pay their health plan deductibles, coinsurance and copayments. Use this as a quick reference guide so you can become familiar with how your hra will work. May 10, 2016 the ohio public employees retirement system uses a reimbursement process administered by oneexchange to help participants in the opers medicare connector pay their expenses. Our reimbursement software is easy to use, uncluttered for better user experience, and the perfect solution to save your time from messy processes.
An hra is an employerfunded account from which you can be reimbursed, tax free for eligible heath care expenses. Weve been providing our members a secure retirement since 1935. Click on the link of the preferred method to find applicable steps for submitting your hra claim. By signing below, i certify that the information provided on this reimbursement form is correct and that the expenses for which i am requesting or for which i am providing validation. In the february video, steger talks about questions our members have about the opers medicare connector hra process. If you have not received reimbursement within two weeks, please contact an allegiance representative at 8774243570. Oneexchange, the connector administrator, will send participants an hra welcome packet about two weeks after they complete their enrollment process. Putting money away for employee health expenses should be as simple as it sounds. Health reimbursement account hra frequently asked questions faq what is a health reimbursement account hra.
Ohio state offers a health reimbursement account hra to employees who are enrolled in the ohio state university faculty and staff health plan. I am reimbursed by my former employer for my medicare part b. An hra, or health reimbursement account, consists of employerfunded plans that reimburse employees for incurred medical expenses that are not covered by the. Attach all appropriate documentation including paid receipt, copy of eob, prescription, etc. Health reimbursement arrangement hra reimbursement voucher employer name your name s.
This webinar will include information on the approved health care changes and their impact to retirees age 65 and older. Hra administration cobra administration commuter benefits. Public transportation automated reimbursement system the new york state department of health nys doh now manages the public transportation automated reimbursement ptar system. Plan description ohio public employees retirement system opers plan, prescription drug program and medicare part b premium reimbursement. Welcome packet details hra reimbursement perspective. Opers, selected individual medicare supplemental plans and prescription drug plans or medicare advantage plans using the opers medicare connector. Webinar how to use your health reimbursement arrangement. Recorded presentation how to use your health reimbursement arrangement. Inperson workshop health reimbursement arrangement hra retiree health care 65 and older this hra workshop is for retirees age 65 and older. The monthly allowance deposits can accumulate from month to month and, unlike most flexible spending accounts, the balance will roll over from year to year. You can view a comprehensive list of eligible expenses by logging into your wageworks account.
One feature of the opers medicare connector that weve found can confuse participants is how to be reimbursed for expenses. Your employer determines which expenses are eligible for reimbursement based on a list of irsapproved eligible expenses. Setting up an account, giving employees access and helping them cover the cost of their medical care. Hra claim form health reimbursement arrangement hra please complete, sign and date this claim form. Health reimbursement arrangements hras are employerfunded group health plans from which employees are reimbursed taxfree for qualified medical expenses up to a fixed dollar amount per year. An hra, or health reimbursement arrangement, is a kind of health spending account provided and owned by an employer. Opers hra quick reference guide the following information is designed to give you a quick overview of the payment and reimbursement processes associated with your health reimbursement arrangement hra. In short, connector participants first pay for a qualifying medical item or service then are reimbursed through a health reimbursement arrangement.
Our flexible solution helps employers manage rising health costs and offers maximum control over spending. Unfortunately, hras are not well known because they can be a winwin for both employees and employers. Todays blog addresses how to pay medicare part b premiums and be reimbursed through your hra account. Important health reimbursement account information. Frequently asked questions about oneexchange and health reimbursement accounts hras basically, how does this work. Customized reimbursement for anything from fitness to travel to smoking. Hras are a way for employers to help offset their employees health care costs for eligible expenses and gain tax advantages. Health reimbursement arrangements hras give employees and retirees a taxadvantaged way to pay for expenses not covered by their health plan. An hra health reimbursement account is an employerfunded and. The health reimbursement arrangement hra allows opers to provide medicareeligible retirees enrolled in an individual medicare plan through via benefits a monthly allowance. Number last 4 digits your address city state zip please check this box if there is a change of address. How to use your health reimbursement arrangement opers. Health reimbursement arrangement hra claim form attach copies of the required documentation to this form and send to. Health reimbursement arrangement hra reimbursement voucher.