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.


Plan Summary:

HRA Plan - 2022

The IRS definition of qualified medical expenses in Publication 502.