REMINDER: Reimbursement Account (HRA)
Are you utilizing your Health Reimbursement Account (HRA)? If you are enrolled in the Company medical plan (excluding HMO-type plans) you are eligible to receive a company funded HRA to be used to reimburse yourself for eligible network or non network medical, dental, vision and prescription drug expenses that are not covered by your healthcare plans.The HRA provides participants with tax advantaged funds to reimburse qualifed medical expenses - those that would be deductible under IRS code 213(d) - such as expenses that count toward your deductibles, co-payments, and coinsurance, as well as monthly contributions (when paid for on a post tax basis) Participants are required to substantiate expenses prior to any reimbursement from an HRA by submitting reimbursement forms (obtain on line at www.shps.com) and your receipts. Any reimbursements from the HRA are not taxable. There are no forfeiture requirements, unused balances rollover.
Download letter from President VanDerWoude for information on how to a
