HRA's, or Health reimbursement accounts, consist of funds set aside by employers to reimburse employees for qualified medical expenses, just as an insurance plan will reimburse covered individuals for the cost of services incurred.
( ealth eimbursement rrangement) is an employer-funded plan that reimburses employees for medical care expenses and allows unused amounts to be carried forward.
Health Reimbursement Account. In the Lumenos Consumer-Driven Health Plan, Stanford will allocate a certain number of "dollars" to your Health Reimbursement Account (HRA) each year. Your Lumenos Consurmer-Driven Health Plan HRA is completely separate from any Health Care Flexible Spending Account you may enroll in. The amount of "dollars" that Stanford allocates to your HRA each year depends on the level of coverage you choose. Starting the first day of coverage you can use your HRA dollars to pay the full or discounted cost of covered services (not including preventive care). Preventive care, according to plan guidelines, is covered at 100% and does not impact the Health Reimbursement Account. Keep in mind that expenses paid through your HRA may not also be claimed as a deduction on your tax return or submitted for reimbursement through a flexible spending account. If you don't spend all your HRA dollars, any unused dollars roll over from year to year-for you to use on future eligible health care expenses (as defined in the Lumenos Plan) and to reduce the amount you pay out of your own pocket. You will lose your HRA when you stop participating under the Lumenos Consurmer-Driven Health Plan option.