The Waiver Limited Purpose HRA is available to those who have individual or government-sponsored health insurance such as Medicare, Medicaid, orTricare and don’t need a health plan.
This HRA only covers dental and vision expenses incurred by you and your dependents.
Your employer will contribute $175 per month, up to $2,100 per year, to your HealthEquity debit VISA Healthcare Card. It will be funded in two equal installments: $1,050 on January 1 and $1,050 on July 1.
You have a 90-day run out period until March of the following year, to request reimbursement for eligible FSA expenses that occurred between January 1 and December 31.
The balance remaining in your Waiver Limited Purpose HRA (up to $2,100) at the end of the play year will carry over to the following year, as long as you continue to waive your health insurance coverage and elect a Waiver Limited Purpose HRA.
Note: The Waiver Limited Purpose HRA is not dental or vision insurance, but it may be used to pay for or reimburse you for dental and vision expenses. Examples of expenses that may be reimbursed from your Waiver Limited Purpose HRA include:
Certain dental fees, such as cleanings, fillings, and crowns.
Vision fees, including fees for exams, contacts, eyeglasses, and laser vision correction.