Using Your HRA Funds
Sandia works with our medical plan vendors to administer your HRA; check out the details through HR Solutions:
You earn HRA funds for completing the activities noted above.
You can use your funds after they have been credited to your account:
- HRA funds you earn by Nov. 30 are available in your account starting the following Jan. 1.
- HRA funds you earn by Dec. 31 are available in your account starting the following Feb. 1.
Check your available HRA earnings and balance anytime through your HRA administrator.
If a balance remains at year-end, your funds carry over for use in the next year.
A maximum allowed balance applies for the HRA. It’s based on your plan coverage level (employee only, employee + spouse, etc.). Once you hit this maximum, you need to use your HRA funds to make room for earning more.
If you leave Sandia, you cannot take your HRA funds with you (unless you are a qualified retiree before age 65 or you decide to continue your coverage through COBRA).
Also, if you waive Sandia medical coverage at any point while employed with us, you forfeit your HRA funds.