New HRA Benefit Announced
The Benefits Trust is establishing a HRA (Health Reimbursement Account). You will receive a card that can be used for medical expenses, such as copays at your doctor. For 2025, the benefit will be $600 per retiree (spouse or other dependents will not receive a card like the OTC benefit). However, the retiree can use the card to cover copays for their legal dependents. Because the benefit if NOT taxed by the IRS, the IRS has set the eligible expenses.
Some of the eligible expenses include:
- Ambulance service
- Chiropractic adjustments
- Copays
- Hearing Aides
- Prescription Copays
- And many other things
There will be more information coming concerning the HRA. Each member of the UAW Benefits Trust will be receiving an informational package – INCLUDING a card to use with the plan. DO NOT THROW THIS CARD AWAY. The card will operate in the same manner as your OTC card, it will be reloaded each year. YOU WILL NOT RECEIVE A NEW CARD EACH YEAR. Please hang on to your card.