Harris Health selected the HRA option for retirement healthcare in 2018 to provide our retirees with more plan choices, more flexibility in how you pay for coverage, and more help deciding which plans meet your needs. By doing this, we can keep our commitment to current retirees and employees to assure affordable health coverage in retirement and maintain the long-term financial health of Harris Health.
Here's what you need to know:
- An HRA provides you with the flexibility to make your own decisions about your healthcare during your retirement. You can use this account toward individual health insurance policies, a Medicare Advantage policy, as well as eligible out-of-pocket medical expenses.
- The HRA is funded solely by Harris Health and is not taxed. Further, you do not have to use all of your healthcare dollars in any single plan year. Any money you don't spend each year will be available to you for future healthcare expenses.