The Consumer Health Account Plans 1 and 2 (CHA1 and CHA2) come with a Health Reimbursement Account (HRA) to pay for covered out-of-pocket medical expenses. Here’s how it works:
- Hertz deposits the Company's contributions intoyour HRA when the plan year begins. You cannot contribute to the HRA.
- The HRA is automatically used to pay eligible expenses, so you don’t pay anything out of pocket until you’ve used all of your HRA dollars
- Once all HRA dollars are used, you begin to pay for care. If you also enroll in a Health Care Flexible Spending Account (HCFSA), HCFSA dollars will automatically be used to pay for eligible expenses after you've exhausted your HRA (unless you change this using the enrollment tool).
Hertz deposits HRA contributions into your account on July 1:
- $600 for Employee Only coverage
- $900 for Employee + 1 Dependent coverage
- $1,200 for Employee + 2 or more Dependents coverage
If you're a new hire, the annual HRA contribution amount is prorated based on your benefits eligibility date.
If you don’t use all of your HRA dollars, any unused funds carry over into the next plan year as long as you re-enroll in a CHA plan. See the FAQs to learn more.