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Health Reimbursement Arrangement (HRA)-Integrated

The District's HRA Third Party Administrator is Educators Benefit Consultants (EBC).  An HRA allows employers the opportunity to offer employees a funding vehicle by which they can pay for eligible health care expenses incurred by the employee, the employee’s spouse, or dependents, on a tax-free basis.  Contributions into the account are made tax-free and any interest or gains a Participant may experience are tax-free.  Contributions are made by the District, into a trust managed by M.G. Trust and amounts credited to an employee’s account can be used to pay for eligible health care expenses during active and/or post-employment.

Over a Plan year, the District contributes $4,000 for family health insurance and $2,000 for single health insurance.  The contributions are made bi-weekly following the District's payroll schedule.
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Sep 27, 2013, 6:35 AM
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