What Happens to Your MRA If Your Employment with JPMorganChase Ends

Cannot earn additional Wellness funds beyond your termination of employment;
Can use your remaining MRA balance for covered eligible 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, 2025, you would have until December 31, 2026, to submit an MRA claim for covered expenses incurred through September 30, 2025. You will forfeit any remaining MRA funds.

Your account balance will be available if you elect COBRA medical coverage (see "Continuing Coverage Under COBRA" in the Healthcare 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 funds for your MRA as if you were an active employee up to the full annual amount of $700.
You qualify as "retired" from JPMorganChase (that is, at the time your employment ends with JPMorganChase, 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 JPMorganChase, 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 funds to increase your MRA balance.
If you are enrolled in COBRA, the MRA can be used to pay for eligible out-of-pocket medical and prescription drug expenses. You may elect to use automatic claim payment or the debit card to pay for expenses from your MRA.
If you are enrolled in the JPMorgan Chase Retiree Medical Plan, the MRA can be used to pay for eligible out-of-pocket medical and prescription drug expenses, and you will have to submit your claims for reimbursement.
If you are covered by another plan (a non-JPMC plan), the 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"). Administrative fees for your MRA will apply and will be automatically deducted from your MRA each month. MRA balances less than $25 will be forfeited.
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. MRA balances less than $25 will be forfeited.
Your MRA will be managed by the last healthcare company in which you were enrolled while you were an active employee.