This feature means while you’re an active employee, eligible health care expenses can be automatically reimbursed through your HRA plan up to the annual amount provided by your employer. Please note, if you submit information for non-qualified health care expenses, your transaction will be denied. The documents must include your name (or the eligible patient’s name), the name of your doctor or vendor, date of service, service incurred, and total patient responsibility. There are times when the transaction can’t be verified, and you will be asked to submit the supporting documentation. If you have this feature, it’s important to save all of the supporting documentation from your service in case you need to submit documentation to substantiate the charge. Eligible vendors or providers simply swipe your debit card and receive payment directly from your HRA at the time of your transaction. Your employer may also issue you an HRA debit card. This means you’ll have extra money saved in case you need it. If you don’t use the money in your HRA during your plan year, it may roll over into the next year. If you choose an HRA, your plan may also have extra features associated, that will help you along the way. Spending accounts come with different features.

HRAs are not “portable,” meaning if you leave your company during the plan year, you can’t take your HRA money with you. As with anything else, it’s important to plan carefully with a spending account. Your HRA is funded by your employer, and they decide what expenses you can use it for. The first type of spending account is called a Health Reimbursement Arrangement, or HRA.

You can use the money in your spending account to pay for eligible health care expenses, products and your deductible, depending on which type of spending account you have available to you. To help you cover costs along the way, your employer may allow you to elect a spending account, which can make it easier to pay your health care bills. Now is a good time to brush up on your knowledge of spending accounts if you’ll be offered one by your employer.ĭepending on expenses you’re expecting during the plan year, such as a surgery or the birth of a child, you may have concerns about how you’ll be able to afford your care. If you’ve ever had questions about spending accounts, we have answers!įor many, open enrollment for 2022 will be coming up soon. And to get the most from your benefits, it’s important to understand how they work. Your health care benefits are provided by your employer to help you and your family stay well.

Aetna fsa eligible expenses 2021