Dear Participant:
We are pleased to announce that the Plan includes a Health Reimbursement Account
(HRA). An HRA is an account that the Fund sets up and maintains on your behalf.
Money in the HRA can be used to pay for certain health care-related expenses.
Basically,
here’s how the Plan’s HRA works:
- When
you work for a contributing employer, an HRA contribution
will be made on your behalf and credited to your HRA for
each hour that you work. Only employer HRA contributions
made on your behalf are credited to your HRA; no additional
voluntary contributions are allowed. The more you work,
the more contributions are made to your HRA – and
the more your account can grow.
- You
determine how to use your HRA; you can choose to:
- Use
it to pay for HRA eligible expenses or other expenses
not covered by the Plan. HRA eligible expenses are
reimbursed at 100%, with no deductible required;
or
- Use
it to make self-payments to continue coverage when
you are not working enough hours or retire (provided
you are eligible for retiree coverage).
Your HRA
may only be used to pay for eligible health care expenses
that are not otherwise reimbursed. However, a range of expenses
are eligible.
While
contributions are only made on your behalf while you are
working for a contributing employer, if money remains in
your HRA at the end of a year, it rolls over into the next
year, allowing you to use it for reimbursement of future
expenses.
Your
HRA Account may only be used to pay for eligible health care
expenses as defined by Internal Revenue Code (IRC) Section
213. To receive reimbursement for eligible expenses, you must
submit a written claim form, with the required supporting
documentation, to the Plan in accordance with the Plan’s
claim procedures. Click here for more information on expenses
that are not eligible for reimbursement (HRA
Expenses) or for a Health
Reimbursement Arrangement (HRA) Account Claim for Reimbursement
form.
The Plan’s
HRA will give you more flexibility in the way you meet your
and your family’s health care needs. We encourage you
to take advantage of the Plan’s HRA. This information
should be kept with your Summary Plan Description (SPD).
Your SPD provides more detailed information about the Plan’s
eligibility requirements, benefits, and related terms and
conditions, which also apply to the HRA. If you have any
questions about the HRA or the Plan in general, please contact
the Welfare Fund Administrative Office.
Sincerely,
Board of Trustees
This
notice serves as a Summary of Material Modifications.
The HRA is intended to qualify as a medical reimbursement
plan under §105 and §106 of the Internal
Revenue Code of 1986, as amended, and related regulations,
and as a health reimbursement arrangement, as defined
under IRS Notice 2002-45. Eligible HRA Expenses reimbursed
under the HRA are intended to be eligible for exclusion
from your gross income under §105(b) of the Internal
Revenue Code of 1986, as amended.
This
notice contains only highlights of certain features
of the Plan. Full details are contained in the documents
that establish the Plan provisions. If there is a
discrepancy between the wording here and the documents
that establish the Plan, the document language will
govern. The Trustees reserve the right to amend,
modify, or terminate the Plan or the HRA at any time. |
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