If you, your spouse, or your tax dependents have Health Reimbursement Arrangements (HRAs), like your PeopleKeep benefit, you will each have separate accounts and family allowances. There’s no effect on the allowance offered.
Below we will walk you through some coordination options you and your family or tax dependents can choose.
Sally and Fred both have HRA benefits through PeopleKeep. They’re both covered on the same family health insurance plan that costs them $600 a month. They want to use both of their allowances in the best way possible.
Sally can submit a reimbursement request for ½ of the health insurance premium that she and Fred pay together ($300).
Fred can also submit a reimbursement request in his PeopleKeep account for the other ½ of that same premium.
This allows them both to take advantage of their health benefits without creating any tax issues.
Sally can submit a reimbursement request for the full amount of the health insurance premium ($600).
Fred can submit reimbursement requests only for expenses that he and Sally pay out-of-pocket (such as doctor visits, eye exams, gym memberships, etc.).
This allows Sally to maximize her entire benefit allowance and allows Fred the ability to use his benefit allowance whenever he or Sally incur a medical expense during the calendar year.
Important to know:
Submitting the same policy and/or medical expense amount in two PeopleKeep accounts will lead to improper reimbursements and you’ll be responsible for returning the excess amount. With that being said, we’ve listed a couple of ways you can make this work for you and your spouse or family member.