HRA review

What does HRA stands for?

• Heather Rules ALL

• Health Reimbursement Account

• Health Reimbursement Arrangement

• Health Retirement Account

With an HRA, Who funds the account?

• The Employer

• The Employee

• No one, its a bonus

• The Administrator

On a explicitly named HRA, Who provided the Dependent information to Wage Works?

• The Employee

• The Participant/Member

• The Employer

• Wage Works

How much is the employer funded deductible for a single employee with an iHRA?

• $1,700

• $2,000

• $500

• $1,500

How frequently are HRAs funded?

• per payroll deductions

• Weekly, Hourly, Daily, Monthly

• Monthly/Quarterly, Yearly, Lump sum, When Specific Criteria are met

• Annually, Per Payroll Deductions, Lump sum, Monthly, When specific criteria are met.

What types of deductible can you have with and HRA?

• Per Family and Per Paitent

• Per Family and Per Pet

• Per Family and Per Policy

• Per Family and Per Individual

What is required on an HRA Premium Receipt?

• PPT Name, Date of service, coverage type, coverage period, amount due

• Premium type, Type of service, Type of Provider, Type of coverage, amount paid

• Name of insurance company, PPT name, Name of provider, dependent name, date of service and procure

• PPT name, insurance provider, coverage period, type of coverage, amount

Medicare deductions from the Social Security Administration require a cost of living statement. This can be obtain by contacting which department?

• The Third Party Administartor

• The Social Security Administration

• Wage Works Administration

• Your employers Administrators office

Are Annual claims allowed with an HRA?

• yes

• No

Do HRA's Have a Spend by date?

• yes

• No

• It is up to the employer