Frequently asked questions about HRAs
- Can I contribute to my HRA?
- Can HRA funds be used for my premium?
- Do I need a debit card?
- Can I put more money into my HRA?
- What happens to my HRA when I leave my employer?
Can I contribute to my HRA?
No, only your employer can fund the HRA. Your employer sets the maximum HRA fund balance per employee or family.
Can HRA funds be used for my premium?
No, the plan does not allow HRA funds to pay for your insurance premiums.
Do I need a debit card?
No, one of the advantages of your Healthy Blue HMO HRA℠ is that your provider automatically receives payment for eligible expenses.
Can I put more money into my HRA?
No, once your HRA funds are exhausted, you’ll be responsible for paying any additional out-of-pocket expenses.
What happens to my HRA when I leave my employer?
HRAs are not portable. When your employment ends, you cannot take the balance of the HRA with you. However, these plans are subject to continuation of coverage provided through COBRA.
page modified 12/03/2009