Guest dsw713 Posted October 29, 2008 Share Posted October 29, 2008 We are considering setting up an HRA for this upcoming plan year. I would like to reimburse only those eligible employees who have medical expenses. This would be a pay-as-you-go with no rollover feature. So here's my example, if my company says it will pay the 1st $500 of my $1000 deductible, and I have no medical expenses that require a deductible during the plan year, is the company still liable to me for the $500 or it's just $500 the company saves by not having to reimbuse me? Thanks. Link to comment Share on other sites More sharing options...
GBurns Posted October 29, 2008 Share Posted October 29, 2008 It all depends. On the wording, I mean. The wording should be that the company will reimburse eligible expenses (or other specific item) up to a maximum of $500 per plan year. The company would pay nothing if there are no eligible expenses. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction) Link to comment Share on other sites More sharing options...
vebaguru Posted October 31, 2008 Share Posted October 31, 2008 The document should also stipulate whether unspent amounts carry forward to subsequent years, whether unused amounts are forfeited, etc. Link to comment Share on other sites More sharing options...
Guest parrot87 Posted November 6, 2008 Share Posted November 6, 2008 This would be a pay-as-you-go with no rollover feature. The company "saves" the money by virtue of you having incurred no medical expenses. There should also be information in there about how and when reimbursement claims are submitted/paid to determine the money "saved" is actually saved and not required to be accounted for in future liabilities. Who is writing your plan document? Link to comment Share on other sites More sharing options...
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