Health Reimbursement Account | Intact Insurance Specialty Solutions Benefits

HEALTH REIMBURSEMENT ACCOUNT (HRA)

BlueCross BlueShield of Minnesota

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The Health Reimbursement Account (HRA) is a product that combines a high-deductible medical plan with eligibility for an account that will help cover a portion of your deductible. Intact will provide incentive funding of $300 per employee and spouse who completes a preventative care exam and online health assessment. This money will be put into your HRA to help pay claims towards your higher deductible. These HRA funds will be used automatically toward payment of your portion of plan expenses.

The money remaining in your account may roll over for you to use in future years as long as you remain enrolled in the HRA plan. This account will remain with you while actively working and if COBRA election. If you leave the plan it does not remain with you and any funds remaining are on a "use it or lose it" policy. The maximum balance that you can have in your HRA at any given time is $750 if you are enrolled in employee only coverage or $1,500 if you are enrolled in any other tier of coverage.

Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company of North America USA, a Michigan insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441, except The Guarantee Company of North America USA, which is located at One Towne Square, Southfield, MI 48076. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.