The HRA is funded solely by employer contributions required by your collective bargaining agreement. Federal law currently prohibits employee contributions.
How does my employer benefit?
The HRA allows your employer an opportunity to offer a benefit that you can use to cover the rising cost of health care. Your employer can deduct contributions made to the HRA on their income tax return, and your employer is not required to pay FICA taxes on contributions made on your behalf.
How do I get started?
Once the HRA has been negotiated, you will recieve an enrollment form, a claim form, a direct deposit authorization form, and a copy of the Summary Plan Description, including other disclosures required by federal law. Complete the enrollment form, and, if desired, the direct deposit authorization form and return them to the Fund Office. Keep the clain form to submit with your first claim. Reimbursements from your account will not begin until forms have been completed and returned.
How do I get my money?
Remember, this is a reimbursement program, therefore you must submit a claim form and proper receipts in order to reimbursed. Proper documentation must be provided to the Fund Office before reimbursement will occur. Please refer to the Summary Plan Description or call the Fund Office if you have any questions regarding proper receipts.