Health Reimbursement Account (HRA)

If you elect to waive your health insurance coverage, you will receive an employer contribution amount of $175 per month, for a total contribution of $2100, which will be deposited into a Health Reimbursement Account (HRA). An HRA is a federally qualified expense account that consists of funds set aside by employers to reimburse employees for qualified medical expenses such as doctor’s office visits, x-rays, and prescriptions. Refer to the Handbook for specific information.