Health Reimbursement Account (HRA)

How does an HRA work?

Your employer sets aside a fixed amount of money to your HRA each year for you to use. Unlike other health spending accounts, only your employer can put money into your HRA. The money is available to you at the beginning of the year. This account will help any out of pocket expenses that you have under you medical plans for the first $4,500. This account can also be used for your dependents.
This account is administered through WEX.

A few examples of medical expenses that can be reimbursed:

• Ambulance
• Co-insurance
• Co-payments
• Deductibles
• Diagnostic services
• Laboratory fees
• Office visits
• Physical exams

To Get Reimbursed:

Provide a copy of your Explanation of benefits along with the completed HRA form and submit to Basic. You should receive payment within 7-10 business days.