What is the FSA? Does it have anything to do with the HSA or HRA?
The HealthCare FSA is a tax-free account that allows a person to pay for essential health care expenses that are not covered or are partially covered by your medical, pharmacy,...Read more
How are HSA withdrawals monitored? Is there an expense verification process like an FSA or HRA?
Verification of expenses is not required for HSAs. However, total withdrawals from your HSA are reported to the IRS on Form 1099-SA. You are responsible for reporting qualified and non-qualified...Read more
What is the Medicare Exchange Health Reimbursement Arrangement (HRA)?
The Medicare Exchange HRA is a pass-through account for Medicare retirees enrolled in a medical plan through the Medicare Exchange. Contributions to the Medicare Exchange are determined by the years...Read more
I am enrolled in the Medicare Exchange with an HRA. How long do I have to request reimbursement from the date-of-service?
The Exchange-HRA has a timely filing period of 365 days from the date of service.Read more
What is the Consumer Driven Health Plan Health Reimbursement Arrangement (HRA)?
Health Reimbursement Arrangements (HRAs) are PEBP-owned pass-through accounts established on behalf of eligible CDHP primary participants. HRA funds may be used to pay for qualified medical expenses.Read more
My spouse is a state employee with an HRA. I am a new employee and plan to enroll in the CDHP with an HSA, am I eligible to contribute to an HSA?
If your spouse has an HRA, you are disqualified from establishing and/or contributing to an HSA per the IRS.Read more