This webinar will include information on the approved health care changes and their impact to retirees age 65 and older. Hras are a way for employers to help offset their employees health care costs for eligible expenses and gain tax advantages. Weve been providing our members a secure retirement since 1935. The hra is provided to eligible retirees for reimbursement of qualified outofpocket medical expenses. Todays blog addresses how to pay medicare part b premiums and be reimbursed through your hra account. How to use your health reimbursement arrangement opers. Flexible spending accounts fsas commuter benefits health savings account hsa cobradirect billing.
In order to help employees deal with the high deductible amount each year, employers can establish a health reimbursement arrangement, or hra, that. Opers hra quick reference guide the following information is designed to give you a quick overview of the payment and reimbursement processes associated with your health reimbursement arrangement hra. I am reimbursed by my former employer for my medicare part b. Eligible retirees will receive an allowance, deposited monthly into a. Customized reimbursement for anything from fitness to travel to smoking. We explain what a health reimbursement account is, how it can be used, and the different ways it can be setup. Submit one specialized reimbursement form at the beginning of the year to setup automatic reimbursement for the. The monthly allowance deposits can accumulate from month to month and, unlike most flexible spending accounts, the balance will roll over from year to year. Reimbursement form type of coverage relationship amount requested. Accessing your hra as a siemens employee, your hra is set up in your name.
One feature of the opers medicare connector that weve found can confuse participants is how to be reimbursed for expenses. My wife is fully covered and her gd reimbursement never misses a beat, while i the gd retired employee has to fight and jump through administrative hoops, provide proof for insurance and drug plans. For quick and easy processing, please login online to submit your claim. Its a type of health plan you sponsor for your employees. An hra, or health reimbursement arrangement, is a kind of health spending account provided and owned by an employer. Unused amounts may be rolled over to be used in subsequent years. Public transportation automated reimbursement system. Here are some of the things you should know before you jump into an hra. Interactive webinar how to use your health reimbursement account hra. Dependent care flexible spending accounts dcfsas provide employees with taxpreferred options for managing care for children and dependent. Health reimbursement arrangements hras give employees and retirees a taxadvantaged way to pay for expenses not covered by their health plan. An hra is funded solely by the employer or plan sponsor.
Our flexible solution helps employers manage rising health costs and offers maximum control over spending. Webinar how to use your health reimbursement arrangement. Health reimbursement arrangement hra reference guide for 2019. Health reimbursement arrangement hra reimbursement voucher employer name your name s. Opers, selected individual medicare supplemental plans and prescription drug plans or medicare advantage plans using the opers medicare connector. Siemens automatic contribution, as well as any healthy rewards earned by you or your covered spouse or domestic partner, will be deposited into your hra for you to decide how to use.
Medicare part b premiums may 10, 2016 september 30, 2019 michael pramik 42 comments ohio pers, opers, opers medicare connector the ohio public employees retirement system uses a reimbursement process administered by oneexchange to help participants in the opers medicare connector pay their expenses. Oneexchange, the connector administrator, will send participants an hra welcome packet about two weeks after they complete their enrollment process. There are strict rules outlining how hra reimbursement requests. In the february video, steger talks about questions our members have about the opers medicare connector hra process. Health reimbursement account hra frequently asked questions faq what is a health reimbursement account hra. Customized hra solutions that are easy to administer and simple to use. Hra administration cobra administration commuter benefits.
Ohio state offers a health reimbursement account hra to employees who are enrolled in the ohio state university faculty and staff health plan. In short, connector participants first pay for a qualifying medical item or service then are reimbursed through a health reimbursement arrangement. When does my hra pay if i have coverage under another health plan. Welcome packet details hra reimbursement perspective. Setting up an account, giving employees access and helping them cover the cost of their medical care. Health reimbursement arrangements hras are employerfunded group health plans from which employees are reimbursed taxfree for qualified medical expenses up to a fixed dollar amount per year. Health reimbursement account benefits everything you need to. Pretax health how to submit your hra claim for reimbursement. An hra health reimbursement account is an employerfunded and. Health reimbursement arrangement hra claim form attach copies of the required documentation to this form and send to. But when the reimbursement money from ge runs out, thats it, there is no transition to general dynamics.
You do not report the payments under a health reimbursement arrangement hra provided by your employer since you cannot deduct any medical expenses including medicare premiums that are. Recorded presentation how to use your health reimbursement arrangement. Important health reimbursement account information. Instead of receiving medical, prescription drug, dental and vision coverage through your conferences chosen health insurance company, you will now be responsible for choosing your. It also helps adherence to policy, prevents fraud, and saves time, money, and effort. Opers provides an allowance to medicare eligible retirees through a health reimbursement arrangement hra to help them offset the cost of that coverage. Your employer determines which expenses are eligible for reimbursement based on a list of irsapproved eligible expenses. Flexible spending accounts fsas health reimbursement hras. Inperson workshop health reimbursement arrangement hra retiree health care 65 and older this hra workshop is for retirees age 65 and older. There will also be information to help retirees understand how to manage their health reimbursement arrangement hra. We provide industrybest technology and service for your fsa, hsa, hra. An hra is an employerfunded account from which you can be reimbursed, tax free for eligible heath care expenses. The ohio public employees retirement system has released the latest monthly health care chat with opers health care director marianne steger. Health reimbursement account hra human resources at ohio.
Health reimbursement arrangement hra reimbursement voucher. Putting money away for employee health expenses should be as simple as it sounds. Plan description ohio public employees retirement system opers plan, prescription drug program and medicare part b premium reimbursement. The money in it pays for qualified expenses, like medical, pharmacy, dental and vision, as determined by the employer. Our reimbursement software is easy to use, uncluttered for better user experience, and the perfect solution to save your time from messy processes. By signing below, i certify that the information provided on this reimbursement form. These funds can be used to reimburse you andor your spouse for eligible health care expenses. Unfortunately, hras are not well known because they can be a winwin for both employees and employers. If you have not received reimbursement within two weeks, please contact an allegiance representative at 8774243570. Faxed and mailed claims may take longer to process than electronic claims and will not appear in your account until reimbursement occurs. Highmark blue cross blue shield delaware flexible bene. You can view a comprehensive list of eligible expenses by logging into your wageworks account. Your employees can use it to help pay for eligible medical expenses.
Number last 4 digits your address city state zip please check this box if there is a change of address. Frequently asked questions about oneexchange and health reimbursement accounts hras basically, how does this work. Attach all appropriate documentation including paid receipt, copy of eob, prescription, etc. May 10, 2016 the ohio public employees retirement system uses a reimbursement process administered by oneexchange to help participants in the opers medicare connector pay their expenses.
If the chp is your primary health plan, in most cases the processing works like this. Expense reimbursement software can streamline the process of managing the reimbursements in any organization. By signing below, i certify that the information provided on this reimbursement form is correct and that the expenses for which i am requesting or for which i am providing validation. Were happy to share that you have qualified for an opers. Today, opers is the 12thlargest public pension plan in the united states. You can use your account to pay for a variety of healthcare products and services for you, your spouse, and your dependents. Irs publication 502 applies to tax deductible expenses for federal income tax purposes, so some items listed are not eligible for reimbursement under the hra program because the hra program is subject to additional irs requirements. A health reimbursement arrangement hra is an employerfunded benefit in which your employer contributes money into an account which you can use to pay, or be reimbursed, for outofpocket medical, dental and vision expenses that you incur. Public transportation automated reimbursement system the new york state department of health nys doh now manages the public transportation automated reimbursement ptar system. This workshop provides retirees with open enrollment and health care funding information, and helps retirees understand how to manage their hra. The following explains the steps for filing your hra claim for reimbursement either manually, online using the participant portal, or using paper method. The health reimbursement arrangement hra allows opers to provide medicareeligible retirees enrolled in an individual medicare plan through via benefits a monthly allowance. A health reimbursement arrangement, or hra, is an account funded by opers that provides taxfree reimbursement for qualified medical expenses.
In order to satisfy irs requirements, certain documentation is needed to process. An hra, or health reimbursement account, consists of employerfunded plans that reimburse employees for incurred medical expenses that are not covered by the. Participants in the opers medicare connector will be reimbursed for qualifying medical expenses through a health reimbursement arrangement upon enrolling in a medical plan through oneexchange. Opers health care director discusses hra perspective. The hra is an employersponsored plan that can be used to reimburse a portion of you and your eligible family members outofpocket medical expenses, such as deductibles, coinsurance and pharmacy expenses. The irs also refers to this as a health reimbursement arrangement. This live and interactive webinar will help retirees understand how to manage their health reimbursement arrangement hra. I am reimbursed by my former employer for my medicare part b premiums that are deducted from my social security payment.
Opers continues its communications efforts to medicare eligible retirees a and b beginning jan. You will have the opportunity to ask general questions at the end of the webinar. Use this as a quick reference guide so you can become familiar with how your hra will work. Click on the link of the preferred method to find applicable steps for submitting your hra claim.
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