What Happens to Your MRA If Your Employment with JPMorgan Chase Ends

Cannot earn additional Wellness Rewards beyond your termination of employment;
Can use your remaining MRA balance for covered out-of-pocket medical and prescription drug expenses incurred before the end of the month in which your employment ends. Claims for these costs must be submitted no later than one year following the end of the plan year in which you were enrolled. For example, if you terminated employment on September 23, 2022, you would have until December 31, 2023, to submit an MRA claim for covered expenses incurred during 2022. You will forfeit any remaining MRA funds.
Will also forfeit any rewards for completing a biometric Wellness Screening and online Wellness Assessment during the annual required time frame if you don't elect COBRA and remain on COBRA through the January award cycle or enroll in Retiree Medical coverage.

Your account balance will be available if you elect COBRA medical coverage (see "Continuing Coverage Under COBRA" in the Health Care Participation section). While you remain enrolled in COBRA medical coverage, you can use the remaining balance in your MRA to pay for your covered out-of-pocket costs related to covered medical and prescription drug expenses. You can also continue to earn Wellness Rewards for your MRA as if you were an active employee up to the full annual amount of $1,000 (or $1,400 if you are covering a spouse/domestic partner).
You qualify as "retired" from JPMorgan Chase (that is, at the time your employment ends with JPMorgan Chase, you are age 55 or older with at least 15 years of service, or age 50 or older with at least 20 years of service in the case of severance). If you retire from JPMorgan Chase, you can continue to access your MRA regardless of what medical coverage you have in retirement, whether it is through COBRA, the JPMorgan Chase Retiree Medical Plan, or another plan. However, you can no longer earn additional Wellness Rewards to increase your MRA balance.
If you are enrolled in COBRA or in the JPMorgan Chase Retiree Medical Plan, the MRA can be used to pay for eligible out-of-pocket medical and prescription drug expenses. You will have to submit your claims for reimbursement.
If you are covered by another plan, the covered expenses eligible for reimbursement from the MRA will be determined by the expenses covered by that plan. You will need to file an MRA and/or HCSA Claim Form for reimbursement of your covered out-of-pocket medical and prescription drug expenses (see "Filing a Claim for Benefits").
If you are enrolled in JPMorgan Chase Retiree Medical Plan, administrative fees for your MRA will apply, and will be automatically deducted from your MRA each month.
Your MRA will be managed by the last health care company in which you were enrolled while you were an active employee.