The H. R.A. will provide reimbursement of funds to qualified individuals for Qualified Medical Expenses not covered by the traditional group health plan being offered. Qualified medical expenses are defined by IRS Code, Section 213(d) and include amounts paid for the diagnosis, cure, mitigation, treatment, or prevention of disease for the purpose of affecting any structure or function of the body. Annually, $1200 will be allocated to each eligible member. There will be no carryover of unused funds and no employee can contribute to the fund.
Appears in 2 contracts