A Health Reimbursement Account (HRA) is an account your employer owns and funds – reimbursing you for qualified, out-of-pocket medical expenses. The HRA is typically integrated with an MVP high deductible (HD) health plan to help offset the cost of the deductible.

 

It may also be used with other MVP plans to reimburse copayments and other covered medical expenses (such as over-the-counter medicines). Your employer selects the amount of annual contribution and basic account design.

 

MVP’s Flexible Spending Account (FSA) works like a typical FSA – enabling you to set aside pre-tax dollars to cover qualified, out-of-pocket medical expenses. This FSA integrates seamlessly with your MVP plan benefits...making administration simpler for you and your employer.

 

It can also be used in combination with an HRA or HSA – as part of a complete, cost-saving solution for your organization.

 

For further information about your HRA or FSA program, contact your benefits representative.