The HRA-FSA rulebook

If you enroll in PPO1, your HRA will be used to reduce your annual deductible.

But...

If you enroll in PPO1 and enroll in the Health Care FSA, you need to understand that:

  • the money in your HRA will be used to reduce your medical plan deductible, and
  • your FSA contributions can be used for copays, your remaining deductible, dental, vision, hearing and other eligible expenses. So plan wisely for your other out-of-pocket costs.

Don't forget...

The Affordable Care Act has lowered the maximum amount you can contribute to your Health Care FSA to $2,550.

Compare the Health Care FSA and HRA:


 

Health Care FSA

HRA

What do I have to do to get it?

Enroll at your initial eligibility or each year during Annual Enrollment

Enroll in PPO1

Which medical plan can I have it with?

Any of the three plans

Only PPO1

Who contributes to it?

You, with pre-tax dollars

The Company
$500 for individual coverage
$1,000 if you cover one or more dependents

Do I pay taxes on the money in the account?

No

No

Do I pay taxes when I spend it?

No

No

Do I lose unspent money at the end of the year?

Yes.Use it or lose it. Unspent money on March 15, 2017 will be lost and cannot be refunded to you.

No. You don't lose what you don't use. Funds roll over to the next year as long as you're enrolled in PPO1 (the CDHP).