The HRA is a high deductible plan—and it’s the only plan that comes with a Health Reimbursement Account (HRA) (not to be confused with an HSA). In the beginning of the year, XPO puts up to $1,000 into this account. (You cannot contribute to the HRA). HRA money will automatically be used to pay for healthcare expenses before you dip into your own pocket.
After your HRA funds are used and you meet the deductible, which is higher than for other plans, the plan kicks in to share the cost (and pays the same portion as the PPO). Once you meet your out-of-pocket maximum, the plan pays 100% of eligible expenses for the remainder of the year.
When you look at the deductible for this plan—yes, it’s higher than other plans—but the free money XPO puts in your HRA can make this deductible more manageable. Plus, prescription drugs are not subject to the deductible, unlike with the HSA options.
For 2019, XPO gives you money in your HRA. You’ll get $500 for Individual coverage and $1,000 for Employee + 1 or more coverage. And, you don’t have to jump through hoops to open an account, like you do with an HSA.