Retiree HRA Understanding your retirement benefit Confidential Retiree
Retiree HRA Understanding your retirement benefit Confidential
Retiree HRA 101 Interest-bearing account in your name Employer deposits money Money invested in a fixed-annuity, currently guaranteeing a 1. 8% interest rate through 2019* Use for medical expenses and premiums to offset your outof-pocket costs Guarantees are subject to the claims paying ability of American United Life Insurance Company. * American United Life Insurance Company’s unallocated group Fixed Annuity. Not FDIC insured. Based on the claims-paying ability of the investment provider. Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 2
Why use an HRA? Contributions are not taxed. Distributions are not taxed. Confidential Interest is not taxed. Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 3
HRA: Your Rainy Day Fund • If you need it, it’s there • If you don’t need it, it rolls over every year • And grows tax-free • Expenses do not expire – you can submit expenses that were incurred after you retired or separated from service at any time Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 4
Eligible Medical Expenses • Physician visits • Prescription medication • Dental Care • Nursing home care • Eye care • Co-pays or deductibles • Medical insurance premiums • Etc. Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 5
Qualifying Insurance Premiums • Health, Dental, Vision, and Long. Term Care Insurance • Medicare Part B, Part C, and Part D and Medicare Supplements • Individual Policies on and off the Exchange • Employer-Sponsored Group Health Coverage (as long as not paid with pre-tax payroll deductions) Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 6
Who qualifies for reimbursements? Your Spouse Surviving Spouse & Qualifying Dependents Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 7
Claim Submission Options ONLINE Submit claim securely online through my. Mid. America. com MAIL Email claim form to claims@my. Mid. America. com Confidential Mail claim form to: P. O. Box 24927 Lakeland, FL 33802 Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 8
Accessing Your Online Account • Go to www. my. Mid. America. com. • Select Access Account. • If logging in for the first time, use your SSN as your Username and the last four digits of your SSN as your password. You will then be prompted to update your login credentials. • If you have logged in before, simply log in with your established credentials. Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 9
Online Account Resources • 24/7 Account Access • Monitor Account Balance • Access Plan Forms • Manage Investments • Edit Personal Information Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 10
Online Claims Submission • Go to www. my. Mid. America. com • Select Submit Claims • Next, select Submit A One-Time Reimbursement Request • Upload documentation • 7 -10 business days for reimbursement • $2. 50 fee for each reimbursement, capped at six distribution fees per year Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 11
Completing Paper Claims One-Time Reimbursements • Complete Option 1 • Choose the correct plan for the one-time expense reimbursement Recurring Premium Expense Claims • Complete Option 2 • Select who should receive recurring reimbursement • Initial ALL boxes. This is required to process the claim(s) Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 12
Submitting Paper Claims • Claim Form • Include receipts or other documentation • Mail or fax • 7 -10 business days for reimbursement • $5 fee for each reimbursement, capped at six distribution fees per year Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 13
Documentation: Good vs. Bad Good! ü Itemized statement (left), Explanation of Benefits (EOB), Co-Pay receipts, or invoices if no insurance ü Contains date of service, type of service, service amount and participant name* *identifying details have been removed from example. Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 14
Documentation: Good vs. Bad. x Only includes total amount paid x Doesn’t include breakdown of services *identifying details have been removed from example. Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 15
Documentation: Premiums Premium Notice from your insurance company that includes: Insurance Premiums must be incurred before reimbursement • Premium Amount • Effective Date of Coverage • Name of insured – you, your spouse, or another qualifying dependent Recurring premium reimbursements remain in effect until your policy expiration date* *New claim form or online submission with required documentation must be submitted to renew recurring claim after your policy expires Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 16
HRA/HSA Interaction • If during the HRA plan year, if you or your spouse are actively contributing to an HSA, your HRA must be restricted for the plan year. • While restricted: • Dental, Vision, Post-Deductible Expenses Rehire Rules: Back-to-Work Restrictions • If you return to work at a basis where you are eligible for benefits, then your HRA account should be suspended (i. e. no access), as the IRS does not view you as bona-fide retired • If part-time or in a limited capacity with limited, irregular hours, you may still access your HRA account Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 17
Questions? Customer Service Hours Online Inquiry through my. Mid. America. com Monday through Thursday, 8: 30 am – 8 pm ET Friday, 8: 30 am – 6 pm ET Send All Forms To: healthaccountservices@my. Mid. America. com Mid. America Administrative & Retirement Solutions Attn: HRA Dept. P. O. Box 24927 Lakeland, FL 33802 Fax: 863. 577. 4460 Email: claims@my. Mid. America. com Call (855) 329 -0095 Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 18
All group variable annuity contracts are issued by American United Life Insurance Company® (AUL), One American Square, Indianapolis, IN 46206 -0368, 800. 249. 6269. Registered group variable annuity contracts are distributed by One. America Securities, Inc. , Member FINRA, SIPC, a Registered Investment Advisor, 433 N. Capitol Ave. , Indianapolis, IN 46204, 877. 285. 3863. Mid. America and National Insurance Services are not affiliates of American United Life Insurance Company® (AUL) or One. America Securities and are not One. America companies. Neither American United Life Insurance Company® (AUL), One. America Securities, Inc. nor their representatives provide tax or legal advice. For answers to your specific questions, please consult a qualified attorney or tax advisor. Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 19
Thank you! Confidential Products and financial services provided by American United Life Insurance Company ®, a One. America® company. 20
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