What You Need to Know
This section applies to you only if you are a Sandia employee who accumulated money in a health reimbursement account (HRA) and/or a healthcare flexible spending account (HCFSA) and you enrolled in the Health Savings Plan during the 2022 Open Enrollment period; employees who enroll outside of that period will forfeit any remaining HRA and HCFSA balances at the point they enroll in the Health Savings Plan.
Transition Timing and Spending Down Your HRA and HCFSA Balances
In April, your HRA and/or HCFSA balance will transition into a limited purpose HRA or limited purpose HCFSA. With a limited purpose account, you can use your remaining HRA and HCFSA funds to pay for eligible dental and vision expenses only. As a reminder, you can use your health savings account (HSA) to cover eligible medical expenses.
- You have until Mar. 31, 2022, to submit claims for eligible 2021 healthcare expenses (medical, prescription drugs, dental, and vision). Note: You cannot submit claims for reimbursement for 2022 dental and vision expenses during this time. Make sure to hold on to your receipts!
- Apr. 1–18, 2022: Any existing HRA balance will transfer to a limited purpose HRA spend-down account. You’ll have access to your limited purpose HRA funds after Apr. 18, 2022, and you can start using your funds to reimburse eligible 2022 and 2023 dental and vision expenses through Dec. 31, 2023. (Again, be sure to save your receipts — you can’t use your limited purpose HRA funds for 2022 dental and vision expenses until the transfer is complete. No new funds will be added to this account.)
- The limited purpose HRA spend-down account will close when the account balance is zero or at the end of 2023 (whichever comes first). Any balance remaining at the end of 2023 will be forfeited.
- You won’t be issued a debit card for your limited purpose HRA; instead, you’ll need to save your receipts and submit a claim for reimbursement through your account administrator (UHC) or BenefitWallet (for BCBS members).
- You’ll receive additional information from your account administrator in 2022.
- You have until Mar. 31, 2022, to submit claims for 2021 eligible healthcare expenses (medical, prescription drugs, dental, and vision).
- Apr. 1 – 18, 2022: Any existing HCFSA balance will be transferred to a limited purpose HCFSA spend-down account. You will have access to your limited purpose HCFSA funds after Apr. 18, 2022, and you can start using your funds to reimburse eligible 2022 dental and vision expenses through Dec. 31, 2022. (Again, be sure to save your receipts — you can’t use your limited purpose HCFSA funds for 2022 dental and vision expenses until the transfer is complete. No new funds will be added to this account.)
- The limited purpose HCFSA spend-down account will be closed when the balance is zero or at the end of 2022 (whichever comes first). Any balance remaining at the end of 2022 will be forfeited.
- You won’t be issued a debit card for your limited purpose HCFSA; instead, you’ll need to save your receipts and submit a claim for reimbursement through your account administrator (UHC) or BenefitWallet (for BCBS members).
- You’ll receive additional information from your account administrator in 2022.
For examples of how the accounts transition, review these limited purposes account scenarios [PDF].
Contacts and Resources
Go to the Get to Know Our Benefit Providers page for details.
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