What is a Health Care Reimbursement Plan (HCRP)?
Through payroll reduction you can set aside money on a pre-tax basis to reimburse yourself for non-insured medical, dental, and vision expenses, such as your deductible and co-payment amounts under your insurance plan and any other non-insured medical expenses that can be itemized (with the exception of insurance premiums and long term care). Each time you have a medical expense, simply submit the claim to your insurance company as usual. When the insurance company processes the claim, an Explanation of Benefits (EOB) will be returned to you. Send to Flex Corp a copy of the EOB along with a completed request for reimbursement form. Flex Corp will process the receipts and a reimbursement check will be sent to your home.
Related Questions
- Why can I change my Plan choice or add a Health Care Reimbursement Account (HCRA) if I forgot to enroll during Open Enrollment or want to change my mind?
- Are over-the-counter items eligible for reimbursement under the Health Care Spending Account plan?
- Are over-the-counter drugs eligible for reimbursement under the Health Care Spending Account plan?
