What if I keep accumulating the money in my HFA account until I retire; can I cash it out?
You can only use your account for reimbursement of eligible healthcare expenses for your family. At retirement you can continue to use your account for reimbursement of eligible healthcare expenses, including your retiree self payment for coverage.
Healthy Foundations provides you and your family with Plan benefits to help you maintain or improve your health. While the Plan provides you and your family with benefits and tools, it is up to you to use them. There is nothing as important as your health, so take charge of it today.
The Plan pays for preventive care services at 100%. Covered services include annual physicals, immunizations, and age- and gender-specific screenings.
The Plan rewards you and your spouse for taking control of your health. You and your spouse, if you are married, can each participate in the program and receive an annual contribution of $200 into your family Healthy Foundations Account (HFA), a health reimbursement arrangement. If you and your spouse follow these steps, the total annual contribution possible is $400 per family. Your family can use the money in your HFA to pay for eligible health care expenses. Here’s how the program works, for you or your spouse:
If you have been diagnosed with or identified as at risk for developing a chronic disease: |
If you are healthy and at lower risk: |
| 4. Follow the instructions on the letter your receive to contact and work with your health coach or call 1-800-367-9938 to set up your appointment to speak with an Optimal Health coach. For every calendar quarter you maintain contact with your coach, you receive a $25 contribution to your HFA. For more information, click here. | 4. Take a physical or one of the Embody-Health programs. |
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5. Get $100 contribution to HFA |
Maximum annual contribution possible per person: $200 |
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Maximum annual contribution possible per family: $400 |
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In addition to providing benefits for preventive services, the Plan also provides special benefits for participants diagnosed with the Plan’s most common diseases: diabetes, high blood pressure/heart disease, high blood cholesterol, and asthma. The prescription drug copayments for prescriptions to control these conditions have been lowered so that you don’t have to pay anything for generic medications, $20 for preferred brand medications and $40 for non-preferred brand medications for a 90-day supply, if you use the mail order pharmacy. If you use a retail pharmacy, you pay half the price for a 34-day supply. Go to www.express-scripts.com and look for the Therapeutic Drug Program after you sign in.
These links will provide information about your condition:
The Plan pays for preventive care services at 100%. Covered services include check-ups and immunizations.