To be eligible for the HRA, you must:
- be an Active employee
- Have been hired on or before March 1 of the year you are hired, if a new employee
Per IRS guidelines our HRA funding period is January 1st to December 31st of each year. Any unused HRA funds will roll forward to the next calendar year, and will continue indefinitely each year unless a change is negotiated.
Per IRS guidelines, all current calendar year claims must be submitted and filed by March 31st of the following year.
Click to view the HRA Agreement
A run-out period is a timeframe in a new plan year during which you can file claims for expenses incurred in the previous plan year. If your plan year ends on December 31, and you have a 90-day run-out period, you have until March 31 of the following plan year to file claims to your Healthcare HRA.
HRA funds must be used before the Health Care FSA can be used, so it is very important that you carefully determine the amount that you should withhold from your salary to contribute to your Health Care FSA to avoid forfeiting any of your FSA contributions.
However, the dependent care FSA is not linked to the HRA. Therefore, you may be reimbursed for dependent care expenses at any time during the calendar year for which you have enrolled.
Please remember that to be reimbursed for eligible health care expenses, you may be required to complete and sign a claim form and submit it along with an explanation of benefits (EOB) or a detailed receipt as proof of services rendered.
Claims are reimbursed based on the dates of services following the date you are enrolled in the plan. You may submit claims at any time during the current plan year.
Reminder: You also have until March 31 of the following year to submit eligible expenses incurred during the previous plan year.