HRA Review

What are the benefits of an HRA for a participant?

• Choice and Freedom

• Fixed annual costs

• No internal administration

• Attention and Advocacy

What are some alternative names for an HRA?

• RHRA

• RMC

• RMA

• RRA

Which of the following are potential client requirements?

• Must enroll with Via Benefits

• Side by side

• Not required to enroll with Via Benefits

• Must notify Via Benefits

• No funding

What are some examples of client enrollment exceptions?

• Tricare/VA

• International Resident

• Enrolled in a plan that Via Benefits does not offer

• Have individual coverage by a specific date

• Wanting to stay on the group plan

What is an HRA?

• Health Reimbursement Account/Arrangement

• IRS-approved, tax-favored account that employers set up for their employees

• Horizontal Rollover Authorization

• A tax free account that an employee contributes to

• Another name for EFT

Which of the following are ways to submit a claim?

• Telephonic Reimbursement

• Automatic Reimbursement

• Recurring Reimbursement

• Manual Reimbursement

• Electronic Reimbursement

What are examples of reimbursable expenses?

• Premiums

• Copays/Coinsurance

• Part B Premiums

• Items on the 213(d) list

• Dental and Vision costs

What items are included in the funding packet?

• Proof of Payment

• Recurring Claim Form

• List of eligible expenses

• Direct Deposit Form

• How to file instructions

What is the fastest way to submit a claim?

• By mail

• Online

• Telephone

• Email

What are requirements for Automatic Reimbursement?

• Enroll ina plan through Via Benefits

• Carrier must participate in AR

• AR must be turned on

• Participant must pay the premium

• Have funds in the HRA