HRA for Pre-Medicare Retirees
As part of your collectively bargained allocation of wage and fringe package, a specified amount per hour is contributed for your health needs. Your Health (Dollar Bank to cover your medical plan) and Health Reimbursement Arrangement (HRA) account contributions are combined. Once your Dollar Bank has enough money to provide you with six months of coverage ($7,410), the remainder goes to your HRA.
The money in your HRA account can be used to reimburse you for the money you pay out of pocket when reaching your deductible and paying coinsurance. The money can also be used for health care services that would not otherwise be covered by the Fund, including Retiree premiums.
Assuming there are sufficient funds in your HRA account, the Fund Office will automatically reimburse the part of your claims (including those of your dependents) that otherwise would be billed to you as your deductible or coinsurance.
If you don’t want to be automatically reimbursed, you must complete the HRA opt-out form. After completing this form, you submit claim forms and the appropriate documentation in order to be reimbursed.
How will I know how much money I have in my HRA?
Your HRA balance is included on each HRA reimbursement. You also will receive regular statements, showing both deposits to and deductions from your HRA.
In addition, you can always call Wilson-McShane at 1-952-854-0795 (Bloomington) or 1-800-535-6373 and ask to speak to your Claims Examiner.
What expenses are eligible for reimbursement?
The following expenses are eligible for reimbursement. Note: This is not an all-inclusive list.