Be Sure to Get Your Healthy Bucks!
What are Healthy Bucks?
Healthy Bucks can be earned by any employee, in any cost share, who is enrolled in the Group Health Plan. The earned Healthy Buck monies will be placed in an account as of January 1 of the next year for those employees who are still employed by the County and who have the Premium Cost Share as of January 1. Employees are always earning Healthy Bucks in the current year for use during the next year (earned in 2017, available January 1, 2018).
• What is a Health Reimbursement Account (HRA) - A Health Reimbursement Account (HRA) is a tax free account funded totally by the employer. The employee’s account will be credited the first day of the calendar year after earning the Healthy Bucks the preceding year. The maximum dollar amount that can be credited to the employee’s account in a Calendar year is $300.00. These dollars can be spent during the year or can be left in the account to roll over. Any balance left in the account will also roll over.
• How do I earn my Healthy Bucks? - Educational programs and activities have been set up by the Wellness Manager. As each of these is completed, a certain amount of Healthy Bucks will be transferred to the employee’s account during the current year. On January 1 of the following year the earned Healthy Bucks dollars will be deposited in a tax free account for the employee to either spend or leave in the account to accrue.
• What can I spend my Healthy Bucks on? - Healthy Bucks can be drawn from your HRA account for the following:
• Co-insurance amounts
• Out-of-pocket limits
• Prescription Co-pays
• Retiree Premiums/COBRA Premiums