How to use my account

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How Can My Account be Used?

Health Reimbursement Arrangement

The purpose of the Health Reimbursement Arrangement (HRA) is to reimburse members for qualified medical expenses incurred during a calendar year, which are not reimbursed from any other source. (Example. health insurance, FSA, HSA) All you need to do is complete and sign a Reimbursement Request Form to receive funds from your account. All expenses must be substantiated as paid. If it is a recurring premium, you only need to turn in one request form, indicate the date range for the calendar year, the frequency, and the dollar amount. Example: 1/1/06 to 12/1/06 premium $750 per month.

Reimbursements will be processed starting on the first business day of the month. It is intended for all reimbursement checks to be issued and mailed as soon as possible thereafter. Filing deadline to receive reimbursement is the 25^th day of the preceding month. Incomplete or ineligible reimbursement will be responded to in writing.

This policy is being implemented due to the increasing number of reimbursement requests received during the last days of the month and the need for processing time.

Please remember, there is a special age based reimbursement limit on Long Term Care Premiums.

At the end of the Plan Year, any funds remaining in the account will be carried over to the next year.

Medicare

At the age of Medicare eligibility, the member’s premium account may be utilized for a Medicare supplemental plan, or coverage under Medicare Part B.

If a member is not eligible to participate in Medicare without paying the Medicare part A premium, the Municipal Contribution to the Trust on behalf of the member will be increased by an amount equal to 50% of the Medicare part A premium upon proof of enrollment in Medicare.

For example: If a member is receiving a Municipal Contribution of $500 per month and the premium payment for Medicare part A is $200 per month, the contribution will increase by $100 to $600 per month.

Other Health Care Providers

There are many health insurance providers available. Each member will has their individual needs, and may choose the insurer they desire. As with any medical premium expense, reimbursement will be made promptly. Please follow the simple guidelines above, for completing a reimbursement request for recurring charges.

What Happens When I Die?

At the member’s death, the Municipality will not continue to make contributions into the member’s premium account. The surviving spouse or dependents will be eligible to utilize the remaining account balance to purchase health insurance. After the account balance is depleted, the survivor will no longer be eligible to participate. The survivor will not be able to participate in the reimbursement program.

If a member dies without a surviving spouse or dependents, the remaining balance in the member’s account will be rolled over to the Trust Fund’s General Account.

Lorne Bretz, Plan Administrator
Police & Fire Retiree Medical Trust
PO Box 196650 Anchorage, AK 99519

4700 Elmore Rd (Fire Prevention) Anchorage, AK 99507-1554
Phone (907) 343-8203 (877) 343-8203, Fax (907) 249-7622

632 W. 6th Avenue Anchorage, Alaska 99501
PO Box 196650 Anchorage, Alaska 99519
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