Health Reimbursement Arrangement (HRA) Did You Know?

D ID YOU KNOW? NEWSLETTER Jay Cashman funds a Health Reimbursement Arrangement (HRA) for employees enrolled in a company-sponsored medical plan. The HRA allows the company to pay for a portion of your medical deductible. AN HRA COVERS A PORTION OF YOUR MEDICAL DEDUCTIBLE HEALTH REIMBRUSEMENT ARRANGEMENT (HRA) N O N E E D T O S U B M I T R E C E I P T S ! HRA payments are automatic - login to your Cigna member portal to track your usage HRA funds can be used for any medical expenses that apply toward your deductible. Here is how it works: You visit a provider or facility for care and show your medical insurance ID card That provider or facility sends the bill to Cigna to pay their portion of the bill through your medical insurance You will pay any deductible expenses up to your full deductible. Once you have paid up to your deductible responsibility, your Cigna HRA will pay the remainder of deductible expenses until your deductible has been satisfied for the plan year. 1 . 2 . 3 . 4 . Deductible: $4,000 You Pay first: $1,000 Company Pays: $3,000 Deductible: $8,000 You Pay first: $2,000 Company Pays: $6,000