They will be available on the first day of the new plan year unless you enroll in a Health Savings Account. Which will require your funds to carry-over into a limited purpose FSA. If this occurs, your funds will be available at the end of the current plan years run-out period.
It depends on plan design. Frequently an HRA is offered is a reimbursement account to cover healthcare expenses incurred by you or your family members covered under the employer’s insurance plan. Check with your employer’s benefit department for more details.
That’s the best part of an HRA – you don’t need to contribute any money to your HRA as the funds are provided by your employer to offset certain out-of-pocket healthcare expenses.
To enroll in an HRA you must elect the option through your employer. With some plans, HRA coverage is automatically provided when you enroll in a specific health plan option, such as a deductible based PPO. Check with your employer’s benefit department for more details.
You will receive an email indicating the reason for the denial along with instructions for submitting the requested documentation.
