What is the HRA and how do I use it? Can I also use a Flexible Spending Account?
If you selected GE Health Choice Option 1 or 2, GE opened a Health Reimbursement Account (HRA) for you. You may also have elected a Flexible Spending Account during benefit enrollment. You use these accounts to pay your share of eligible medical and dependent care expenses. Bank of America administers the Health Reimbursement Account (HRA), the Flexible Spending Account (FSA), the Limited Purpose Flexible Spending Account (LPFSA) and the Dependent Day Care Flexible Spending Account (DCFSA). While they are separate accounts, you’ll get one debit card and all of the accounts can be managed through Bank of America’s Online Portal. There are three convenient ways to access and use your HRA/FSA funds to pay for eligible healthcare expenses. 1. HRA/FSA Visa Debit Card 2. Paperless claims 3.
Related Questions
- Can a Health Reimbursement Arrangement (HRA) or Flexible Spending Account (FSA) also be offered along with a Health Savings Account?
- Can I roll over my Flexible Spending Account (FSA) or Health Reimbursement Arrangement (HRA) account balance to an HSA?
- How does an HRA differ from a health care flexible spending account (FSA)?
