Health Reimbursement Account - GARNER
Our Health Reimbursement Arrangement (HRA) is totally funded by Garner; you cannot contribute to it.
The HRA is usually used to pay medical or prescription expenses that are applied to your deductible. When you are no longer employed here, you do not receive any remaining HRA funds.
Odyssey Preparatory Academy will contribute into your HRA $1000 if you are enrolled as employee only, or $2000 if you have dependents on the plan with you (as long as requirements are met).
HRA Advantages:
Funds immediately available: You can begin using the account for eligible medical and prescription expenses at the beginning of our health plan year.
Tax savings: You don't pay taxes on your HRA funds. Reimbursements from your HRA for qualified medical expenses are tax-free.
Out-of-pocket expense reduction: You save money by paying a portion of your deductible through your HRA.
Rollover of unused funds to next plan year: HRA funds you don't use in the current plan year roll forward to the next year - up to your deductible amount. So, it benefits you to be a good healthcare consumer!
Click on the video links below to learn more:
- How to Get Reimbursed for Care with an Existing Provider
- How to set up direct deposit
- How to understand your benefit
- How to find a provider
- How to create an account
- Garner Education
Video: 3 Reasons to Love Your HRA
| Filename |
|---|
| Documents |
| There are no files to list. |
| Garner Concierge FAQs Handout.pdf |
| Garner _ HSA Search-Only - HRA.pdf |
| Garner _ Tax Advantaged Accounts - FSA.pdf |
| Garner _ Tax Advantaged Accounts - HSA & FSA.pdf |
| Garner _ Top Provider Methodology Overview.pdf |
HRA - GARNER
Contact Info
