1)With the new contract will we still have the ability to designate a portion of our pay into a Health Care Reimbursement account as we do now?
2) Considering the latest IRS ruling will we be able to split HRA funding between Pre-Tax and Post-Tax?
I think you are referring to the FSA, flexible spending account. The HRA, health reimbursment account is a new item the Union bargained for us.
An FSA is an employee funded (pre-tax) account that does not roll over. Unused Dollars are forfeited.
An HRA is a company funded (pre-tax) account, & rolls over year to year.
An FSA is drawn down first before monies are reimbursed from the HRA
An HRA is a tax advantage plan so benefits are not generally subject to taxation.
To answer your question yes members still have the option to designate a portion of our pay into a FSA. I hope this helps
Dave






