Health Reimbursement Accounts

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Health Reimbursement Accounts

Each Eligible Member has a Health Reimbursement Account (HRA), which is credited with monthly contributions from the Municipality. The contributions are deposited into the member’s HRA account starting with the first day of the month following the member’s retirement. The amount of the contribution is determined by a formula, which applies annual adjustments to the initial contribution of $490 a month. The adjustments depend on your age or years of service at retirement and annual national Medical Consumer Price Index (CPI-W).

The contributions are deposited in the Schwab Government Money Fund, and will earn applicable interest. A statement of the account will be provided to each member on a periodic basis. The initial Municipal Contribution amount in 1995 was $490.00. The subsequent levels of contributions are listed below.

Tiers

1

2 & 3

4

2008

$720.82

$634.83

$557.81

2007

$696.28

$620.26

$551.33

2006

$674.72

$607.32

$545.52

2005

$655.31

$595.56

$540.19

2004

$633.96

$582.48

$534.19

2003

$615.27

$570.92

$528.84

2002

$594.45

$557.89

$522.74

2001

$575.21

$545.72

$516.98

2000

$557.24

$534.23

$511.48

1999

$543.38

$525.30

$507.17

1998

$529.09

$516.01

$502.65

1997

$519.35

$509.64

$499.53

1996

$506.66

$501.27

$495.39

Lorne Bretz, Trust Plan Administrator

Police & Fire Retiree Medical Trust
PO Box 196650 Anchorage, AK 99519

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

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