The MRA
You can use the MRA to help pay for covered out-of-pocket medical and prescription drug expenses, such as deductibles, coinsurance, and copayments incurred by you and your covered dependents. Please Note: MRA funds cannot be used to pay for dental or vision expenses. However, you can be reimbursed for these expenses from a Health Care Spending Account (HCSA), if you choose to participate in that plan. Please see the Spending Accounts Summary Plan Description on My Health for more information.
Unused funds left in your MRA at year-end automatically carry over for use in future years, as long as:
- You remain a JPMorgan Chase employee enrolled in the Medical Plan*; or
- You leave JPMorgan Chase and you are eligible for retiree medical plan coverage or you elect to continue your medical coverage through COBRA (see "What Happens to Your MRA If Your Employment with JPMorgan Chase Ends").
* If you are an active employee who previously enrolled in the Medical Plan and had an MRA balance but you currently choose not to enroll in the Medical Plan, any unused MRA funds will be placed on hold for you by your health care company and will be available to you if you re-enroll in the Medical Plan in a subsequent year.
You can earn up to $1,000 ($1,400 if your covered spouse/domestic partner also participates) in Wellness Rewards for your MRA by completing certain wellness activities in a given year. The following sections summarize the opportunities for 2022 to earn Wellness Rewards.
See "MRA Payment Elections" and "Using Your MRA and HCSA to Pay for Services" for more information.
Your MRA and/or Spending Accounts (HCSA, DCSA) are administered by your health care company (PayFlex, an Aetna Company or Cigna), or Cigna if you are not enrolled in the JPMC Medical Plan. If you change health care companies (from Aetna to Cigna or vice versa) during Annual Benefits Enrollment, your balance will automatically be transferred to your new health care company (generally the April timeframe).
However, if you change health care companies (from Aetna to Cigna or vice versa) because you are a late hire, late year COBRA enrollee or in certain other limited circumstances on or before January 31, of any given year, your associated MRA, HCSA and/or DCSA accounts may transition to your new health care company. If you change health care companies after February 1, your MRA, HCSA and/or DCSA accounts will remain with the health care company you were enrolled with as of January 1 of that year automatically. Your new health care company will also create an MRA for you to store incentives earned for completing wellness activities. You may carry over only your MRA balance to your new health care company, however it is incumbent upon you to request this transfer from your new health care company.