Health Reimbursement Account (HRA)

Employees with HRA account balances need to take action to spend down HRA account balances. Segal pays a monthly administrative fee to maintain these HRA accounts, and several HRA balances are lower than the account administration fee. On an annual basis, Segal lowers all HRA account balances by an amount close to the annual administration fee.

The HRA account administrator is WEX.

What happens to Your HRA Balance if...

You enroll in the Aetna HDHP with HSA:

• If you still have an HRA balance in 2024, it becomes a limited-purpose HRA which can be used only for vision and dental expenses.

You enroll in the Aetna PPO Plan:

• If you still have an HRA balance in 2024, you can use your HRA for any eligible prescription drugs, medical, dental and vision expenses. 

You enroll in an HMO/EPO:

• If you still have an HRA balance in 2024, you can use your HRA for any eligible prescription drugs, medical, dental and vision expenses. 

You retire from Segal:

• You cannot transfer your HRA balance to a new HRA.
• You may pay administrative fees to WEX, the HRA administrator.
• You can use your balance to pay for eligible medical expenses tax-free. If you pay for non-eligible expenses, you will pay a penalty.

  You Leave Segal:

  You forfeit your account