Your Spending Account

Transcription

Your Spending Account
Agenda
 Welcome to Your Spending Account
 How the HRA (YSA) differs from the HSA (Bancorp)
 Top 5 HRA questions
 Your Spending Account Overview
Market/Division/Tier 3 | Practice Group/Tier 4
Proprietary & Confidential | September 2014
1
Welcome to Your Spending Account (YSA)
• Your HRA/RHCA claim submissions are administered
by Your Spending Account (YSA) which is managed
by Benefit Express
• Aon Hewitt Benefit Express maintains the actual
eligibility and enrollment information
• Log on to the Your Benefits Resources Website at
http://resources.hewitt.com/FCA with your user
name and password or call 1-888-409-3300
• Benefit Center representatives are available from 8
a.m. to 4 p.m., Eastern Time, Monday through
Friday to assist you
2
How HRA (YSA)
differs from
HSA (Bancorp)
Health Savings Account (HSA)
 Health Savings Accounts are similar to a 401(k) retirement account for
medical expenses. You can only have an HSA if you enroll in a highdeductible medical plan. Retirees and dependents age 65 and over are
not eligible to enroll in a high-deductible medical plan, however HSA
funds remain available for post 65 eligible claims.
– Funds may be used to pay deductibles, coinsurance, and certain
other eligible healthcare expenses.
– You own the account.
– You can deposit money directly into the account (up to the IRS
annual limit); Pension deduction not available.
– Money put into the account that’s already been taxed is tax
deductible.
– Money in the account can roll over from year to year.
– Has investment opportunities
Healthcare Retirement Account (HRA)
 A Healthcare Retirement Account is established by FCA specifically for
retirees, spouses/domestic partners and surviving spouses age 65 and
over
 Funds can be used to pay for medical insurance premiums (including
Medicare Parts B and D, Medicare Advantage plans, Medigap policies,
and other health care coverage such as dental, vision, and hearing)
deductibles, coinsurances and copayments, OTC medications (with a
valid RX) and supplies
– Your employer (in compliance with IRS guidelines) decides which
expenses are covered by the HRA
– You don’t have to pay taxes on money you get from an HRA used for
qualified medical expenses
– Leftover money in your HRA can roll over to the next year
– Expenses must be incurred in current plan year to be eligible for
reimbursement from the current year’s funds
– No investment opportunities
How HRA differs from HSA
HRA
Funded by
FCA *
HSA
FCA & Retiree **
Claims processing YSA
Bancorp
Interest
No
Yes
Invest Funds
No
Yes
Portable
No
Yes
*Currently HRA funded by FCA up to $1,975 for Retirees and $1,750 for Spouses
**Currently FCA contributes $500 single and $1,000 family coverage to the HSA
FCA Retiree Accounts with YSA
HRA and RHCA
 Premiums for Medicare Parts B and D, Medicare
Advantage plans and Medigap plans
 Premiums for other health care coverage such as Dental,
Vision, Hearing and Prescriptions
 Deductibles, coinsurance, copayments, and supplies
 Note: Expenses incurred solely for cosmetic reasons such as
liposuction, hair transplants, and face lifts are not covered.
Proprietary & Confidential | September 2014)
7
Top 5 HRA Questions
1.What is an eligible expense?
2.How do I file a claim?
3.How do I update my information?
4.How do I sign up for auto-reimbursement and/or
direct deposit?
5.What is my available balance, including why does my
RHCA balance show less than what is in my account?
8
HRA and RHCA
Prescription Drugs/OTCs
RHCA
HRA
Rx
Yes
Yes*
OTC meds
Yes with doctor’s
prescription
Yes*, with doctor’s
prescription
OTC supplies
Yes
Yes
*
9
Your Spending Account- Log on
Log on to the Your Benefits Resources Website at
http://resources.hewitt.com/fca with your user name and
password or call 1-888-409-3300
10
Your Spending Account Home Page
11
YSA HRA/RHCA Tab
The RHCA will show zero since we do not store balances
on this plan – All balances are held with Merrill Lynch
12
How to Submit a Claim
13
Online Claim Submission- secure and fast!
Always submit a claim form with proper documentation
– Most secure and fastest method of of claims submission
– Sign on to YSA via Your Benefits Resource (YBR)
– Click on the HRA/RHCA tab
– Click on “Create HRA/RHCA Claim” from drop-down menu OR Click
the Blue button on the right side of the page
– Select “Upload” method to send your
documentation
• Complete the online information
• Enter Expenses
• Upload copies of your receipts or proof of expense (keep the
originals)
Note: Upload does not have to be printed and signed
14
Fax or mail- other options to submit
To avoid a delay or denial, a claim form must be submitted with proper
documentation
Claim forms are available online or by calling YSA. To submit online:
– Sign on to YSA via YBR
– Click on the HRA/RHCA tab
– Click on “Create HRA/RHCA Claim” from drop-down menu OR Click
the Blue Button on the right side of the page
– Select “Fax or Mail” method to send
your documentation in order to:
 Create a cover sheet on this site
 Print and sign the cover sheet
 Send signed cover sheet and documents to YSA via:
- Fax - 1-888-211-9900 or 1-847-554-1409 (outside US)
- Mail - P.O. Box 785040, Orlando, FL 32878-5040
15
Submitting a claim
For the fastest claim
processing, upload
your documents online!
Select the plan
you want the
funds to come
from
16
Top 5 Claim Mistakes
1. Missing Claim supporting documentation2. Claim not processed/ received- Do not use generic claim form- use
Barcoded specific form- call service center or download from YSA
website
3. Claim submitted outside of coverage period or after funds exhausted
Example: sufficient funds not transferred into proper account at Merrill Lynch
for RHCA claims or claims submitted for the prior year when all balances from
prior years are already exhausted
4. Documentation missing patient name, date, amount, or description
5. Claim form not signed or dated
6. Ineligible expense
17
Invalid vs. Valid Receipts
Direct Deposit
Note:
Updating your HRA/RHCA Direct Deposit information on the YSA
site is independent of your pension payment arrangements
Contact Us
Secure Messaging Mailbox
Mobile Phone Text Message Alerts – HRA Only
Manage Text Messages
Mobile Number
Choose Text Messages
Note: Standard text message charges may apply.
RHCA Funds
 RHCA Funds housed at Merrill Lynch (ML)
 YSA requests RHCA funds from ML to cover claim payments
– Be sure there are sufficient funds in your Institutional Money Market
Fund to pay the claim.
– If there is not enough money in the Institutional Money Market Fund,
the needed amount will be pulled from all of your mutual fund holdings
on a prorated basis from Merrill Lynch.
– To choose specific mutual funds to be used for claims, you may
liquidate those funds and move them to the Institutional Money Market
Fund (must be done at the same time as when you submit the claim.)
– If you see a claim denial notice due to not enough funds available, it
may be that the funds are not in the Institutional Money Market Fund.
– Contact ML to move sufficient monies into the IMMF. Note: This could
take several days to process.
YSA HRA/RHCA Tab
The RHCA will always show zero since we do not
store balances on this plan – All balances are held
with Merrill Lynch
24
RHCA at Merrill Lynch
Institutional
Money
Market II
Fund
RHCA at Merrill Lynch
Merrill Lynch website Benefits OnLine
www.benefits.ml.com
Phone – call Merrill Lynch, Participant Service Center
(800) 483-7283 (SAVE)
26
Go Paperless!
27
Benefit Express – Benefit Center & YSA Always a Resource
• Log on to the Your Benefits Resources Website at
http://resources.hewitt.com/fca with your user name and password
or call 1-888-409-3300
• Benefit Center representatives are available from 8 a.m. to 4 p.m.,
Eastern Time, Monday through Friday to assist you
o HRA Funding Questions
o Updates to your personal contact information (phone
numbers, home and/or personal email addresses)
o Beneficiary information updates (including RHCA)
28
Benefit Express – Benefit Center & YSA
Always a Resource (Con’t)
• When you call 1-888-409-3300 and hear the option for “Your
Spending Account,” you can select to be transferred to YSA
o YSA representatives are available from 8 a.m. to 8 p.m., Eastern
Time, Monday through Friday
• When you call 1-888-409-3300, and hear the Option for “Enroll with
Aon Retiree Health Exchange,” you can select to be transferred to
Aon Retiree Health Exchange
o Aon Retiree Health Exchange representatives are available from 8
a.m. to 8 p.m., Eastern Time, Monday through Friday
29
Questions

Your Spending Account

Transcription

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