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Health Reimbursement Arrangement (HRA)
The HRA offers higher deductibles and out-of-pocket costs, but Alcoa puts money into an account to help you pay for these costs.
You can use the money to reimburse yourself for health care expenses during the year. Unused funds in your HRA account roll over to the next year. However, if you choose an option other than the HRA, you will lose the unused funds in your account.
What You Need to Know
- This plan was designed for employees who have low to moderate medical expenses, and for those who want to save for future health care expenses.
- There are higher out-of-pocket costs in this plan, but Alcoa puts money into an account to help you cover your out-of-pocket costs.
Your In-Network Out-of-Pocket Costs
- Routine in-network preventive care: Free
- Primary Care Physician office visits: 10% after the deductible
- Specialist office visits and Emergency Room visits: 10% after the deductible
- All other eligible services: 10% after the deductible
- Deductible: $1,500 for individuals and $3,000 for a family
- Out-of-pocket maximum: $3,000 for an individual or $6,000 for a family
To help you pay for these costs, Alcoa puts $750 in an account if you only cover yourself or $1,500 if you cover two or more people. What you don't use rolls over to the next year as long as you stay in the HRA.
Plan details (chart)
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