HRAs
Keep money in your pocket
compliments of your employer
A health reimbursement arrangement (HRA) is an account funded by your employer that helps pay for certain out-of-pocket medical expenses. The benefits of an HRA include:
At the beginning of each health plan year, your employer determines the amount of money the company will contribute to your HRA and identifies eligible medical expenses.
During the course of the year, you are able to use your funds for out-of-pocket expenses. In most cases, your health plan will receive and process a medical claim against your medical plan and then send the claim to be reviewed for payment from your HRA.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing. These claims are then sent to HealthEquity and appear in your account.
3
You are responsible for paying medical expenses until you have reached the HRA deductible specified by your employer. After that, HealthEquity will automatically pay providers1 for eligible medical expenses until the HRA funds are gone. If your plan covers copays or prescription costs, those expenses will be reimbursed2 to you automatically.
1If provider address information is not included with the integrated claim, a reimbursement check will be issued to the member; member is then responsible to pay provider.
2Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing. These claims are then sent to HealthEquity and appear in your account.
3
You are responsible for paying medical expenses until you have reached the HRA deductible specified by your employer. After that, HealthEquity will automatically reimburse1 you for eligible medical expenses until the HRA funds are gone.
1Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing.
3
You are responsible for paying medical expenses until you have reached the HRA deductible specified by your employer. After that, you can begin using your HRA funds to pay for eligible medical expenses using the HealthEquity online member portal or mobile app.
4
In some instances, you may be asked to provide an itemized receipt or explanation of benefits (EOB) to verify that an expense is eligible for reimbursement1.
1Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing. These claims are then sent to HealthEquity and appear in your account.
3
HealthEquity will automatically pay providers1 for eligible medical expenses until the HRA funds are gone. If your plan covers copays for prescription costs, those expenses will be reimbursed2 to you automatically.
1If provider address information is not included with the integrated claim, a reimbursement check will be issued to the member; member is then responsible to pay provider.
2Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing. These claims are then sent to HealthEquity and appear in your account.
3
HealthEquity will pay providers1 for eligible medical expenses until the HRA funds are gone. For prescriptions, you can use your HealthEquity® VISA® reimbursement account card2.
4
In some instances, you may be asked to provide an itemized receipt or explanation of benefits (EOB) to verify that an expense is eligible for reimbursement3.
1If provider address is not included with the integrated claim, a reimbursement check will be issued to the member, member is then responsible to pay provider.
2This card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc.
3Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing. These claims are then sent to HealthEquity and appear in your account.
3
HealthEquity will automatically reimburse1 you for eligible medical expenses until the HRA funds are gone.
1Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing. These claims are then sent to HealthEquity and appear in your account.
3
HealthEquity will automatically reimburse1 you for eligible medical expenses until the HRA funds are gone. For prescriptions, you can use your HealthEquity® VISA® reimbursement account card2.
4
In some instances, you may be asked to provide an itemized receipt or explanation of benefits (EOB) to verify that an expense is eligible for reimbursement1.
1Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
2This card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing.
3
To pay for eligible expenses with available HRA funds, use the HealthEquity online member portal or mobile app.
4
In some instances, you may be asked to provide an itemized receipt or explanation of benefits (EOB) to verify that an expense is eligible for reimbursement1.
1Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
1
Visit your medical provider and present your insurance ID card.
2
Your provider will send claims to your health plan for processing.
3
HealthEquity provides two convenient methods to pay with your HRA:
4
In some instances, you may be asked to provide an itemized receipt or explanation of benefits (EOB) to verify that an expense is eligible for reimbursement.
1This card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc.
2Reimbursements to the member by check will incur a $2 fee. EFT reimbursements are free of charge.
Nothing in this communication is intended as legal, tax, financial, medical or marital advice. Always consult a professional when making life changing decisions. In addition to restrictions imposed by law, your employer may limit what expenses are eligible for reimbursements. It is the members' responsibility to ensure eligibility requirements as well as if they are eligible for the plan and expenses submitted.
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