The Medical Reimbursement Account (MRA)
You can use the MRA to help pay for covered out-of-pocket medical and prescription drug expenses, such as copayments incurred by you and your covered dependents and deductibles for in-network or out-of-network services. 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 JPMorganChase employee enrolled in the Medical Plan*; or
- You leave JPMorganChase 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 JPMorganChase 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 healthcare company and will be available to you if you re-enroll in the Medical Plan in a subsequent year.
See "MRA Payment Elections" and "Using Your MRA and HCSA to Pay for Services" for more information.
Special rules for company couples: MRA funds are earned by employees only, not spouses / domestic partners. If you are an employee but covered as a spouse/domestic partner of another JPMorganChase employee (i.e., company couple), you will not be eligible to earn MRA funds.
Your MRA and/or Spending Accounts (HCSA, DCSA) are administered by your healthcare company (Inspira Financial if enrolled with Aetna; Cigna if enrolled with Cigna), or Cigna if you are not enrolled in the JPMC Medical Plan (or are enrolled with Centivo Select Plan or Kaiser Permanente).
- If you change healthcare companies (from Aetna to Cigna or vice versa) during Annual Benefits Enrollment, your balance will automatically be transferred to your new healthcare company (generally during the April timeframe).
- If you change healthcare companies on or before January 31 of any given year (e.g., you are a late year hire, late year COBRA enrollee, or in certain other limited circumstances) your associated MRA, HCSA and/or DCSA accounts will transition to your new healthcare company.
- If you change healthcare companies after February 1, your MRA, HCSA and/or DCSA accounts will remain with the healthcare company you were enrolled with as of January 1 of that year. Your new healthcare company will also create an MRA for you to store wellness incentives earned for completing wellness activities. You may carry over only your MRA balance to your new healthcare company, however it is incumbent upon you to request this transfer from your new healthcare company.