Common use of HRA Clause in Contracts

HRA. Employees who enroll in the Gold CDHP plan and who choose an HRA will be provided the following: a. HRA amount $5000 for Family, 2 Person, or Adult/Child(ren); $2,500.00 for Single plan, pro-rated for July 1, 2020 - Dec. 31, 2020 based on the time period in which the HRA account is in effect. The funding noted above is available immediately upon effective date of the HRA plan. b. Covered expenses include applicable deductible expenses, and co-insurance expenses, including prescription expenses. c. No match or minimum contribution by employee d. Employee will pay administrative costs equal to the difference between the administrative charge for H.S.A. and HRA e. HRA approved expenses are paid directly to the employee. Employee cannot change this feature. There is no individual payment cap. f. Runout – the amount of time after the end of the plan year in which claims can be submitted is 60 days. g. Residual funds unused at the end of each year revert to the Employer. h. Amount of funding for employees hired for less than a full plan year will be prorated monthly.

HRA. Employees who enroll in the Gold CDHP plan and who choose an HRA will be provided the following: a. HRA amount $5000 for Family, 2 Person, or Adult/Child(ren); $2,500.00 for Single plan, pro-rated for July January 1, 2020 - Dec. 312018 – June 30, 2020 2018 based on the time period in which the HRA account is in effect. The funding noted above is available immediately upon effective date of the HRA plan. b. Covered expenses include applicable deductible expenses, and co-insurance expenses, including prescription expenses. c. No match or minimum contribution by employee d. Employee will pay administrative costs equal to the difference between the administrative charge for H.S.A. and HRA e. HRA approved expenses are paid directly to the employee. Employee cannot change this feature. There is no individual payment cap. f. Runout – the amount of time after the end of the plan year in which claims can be submitted is 60 days. g. Residual funds unused at the end of each year revert to the Employer. h. Amount of funding for employees hired for less than a full plan year will be prorated monthly.