Health Reimbursement Account (HRA)
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What is an HRA?
When you elect the Kaiser HRA medical plan, Michaels contributes tax-free dollars to your health reimbursement account (HRA) which can pay for eligible medical expenses.
- If you have individual coverage, Michaels contributes $425 per year to your HRA.
- If you have family coverage, Michaels contributes $950 per year to your HRA.
- You cannot contribute money to your HRA.
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What can I use my HRA for?
Your HRA, administered through Kaiser Permanente, is automatically debited when you receive covered medical services, and this amount is typically applied to your deductible.
Is the Michaels contribution deposited all at once?
Yes. The funds contributed by Michaels will be available to you at the beginning of the plan year.
Do the contributions roll over from year to year?
Yes. The contributions to your HRA will roll over from year to year until you’re no longer enrolled in the Michaels Kaiser HRA plan.
How do I access my account?
Once your HRA is active, you can access your account information online, 24 hours a day, 7 days a week, online at kp.org/healthpayment. You’ll be able to view
your balance, file claims, view transaction history, and more.
Can I have both an HRA and FSA?
Yes, you can have both accounts. A flexible spending account (FSA) allows you to set aside tax-free money to help pay for eligible out-of-pocket expenses. To learn more, visit this link: Flexible Spending Accounts.
Your Medical Plan Deductible & Coinsurance
With the Kaiser HRA plan, if you have family coverage, one person can meet the individual plan deductible and then the plan will share costs for that individual: this is called coinsurance.
Helpful Resources
Kaiser Permanente
Medical Insurance & Health Reimbursement Account (HRA)
Contact Information
Phone: 1-800-464-4000
TTY: 711
Quick Links
How to Use Your HRA
First, use the money Michaels gives you.
Michaels will put money into your HRA depending on who is covered under your plan. You can use this money to pay for eligible in-network services until the account balance reaches a total of $0.
If you select the Kaiser HRA plan, you will have access to the full HRA contribution upfront, no matter when you are hired.
Next, use your money.
If you use all the money Michaels contributed to your account, then you will pay out-of-pocket for any remaining health care expenses, until you meet your plan deductible. Remember, in-network preventive care is always 100% covered.
Then, you and Michaels share costs.
After you’ve met your plan deductible, Michaels will pay for a percentage of your health care expenses, and you will pay for the remainder of the costs: this is called coinsurance.
Finally, Michaels has it from there.
If your health care expenses reach your out-of-pocket maximum, Michaels will pay for 100% of your eligible in-network costs for the rest of the plan year.