Health Reimbursement Arrangement (HRA)
Flores & Associates
FFTC’s HRA reimburses employees for deductible expenses. You can be reimbursed up to the full amount of the qualified expenses at any point in the year given you first meet the applicable deductible threshold.
You do not take the HRA money with you if you leave FFTC. Any unused money in your HRA does not rollover into subsequent policy years. Any claims must be submitted by December 31st for eligible services incurred within the same plan year.
You are able to obtain up to $2,500 with wellness adherence or $1,500 without wellness adherence.
Who Is Eligible?
You are eligible if you:
Are covered by the Company’s PPO Plan
Can be covered under a Medical FSA
Can be entitled to Medicare benefits
How Does It Work?
- Employer funds HRA account
- Employee seeks medical services
- Employee requests reimbursement from the HRA account by contacting Flores & Associates
- Upload your Explanation of Benefits (EOB) from Cigna showing your deductible expenses and Flores will process the appropriate reimbursement