Reimbursement Accounts - the Basics:

Flexible Spending Account (FSA)
With an FSA, money is taken from your paycheck before taxes (you set the amount) and placed into one of two account types; a Dependent Care Account or a Health Care Reimbursement Account. You can then use that money to pay for medical or dependent care expenses throughout the year. To determine if an expense is qualified for FSA reimbursement you may search our Allowable Expense Listing. Some Health Care Reimbursement Plans also allow for the coverage of certain Over-the-Counter items. Please refer to your specific Plan for terms of your coverage.

Health Reimbursement Arrangement (HRA)
An HRA is an account offered to employees or retirees. Your employer puts money aside that you can use to pay for deductible and co-insurance amounts, or other covered medical expenses. Leftover dollars generally can be used from year-to-year, as long as you continue to be a member of the plan. The money, contributed by your employer, doesn't count as income; saving you valuable tax dollars. HRA plan designs vary widely from employer to employer. Refer to your Plan to determine which types of expenses are covered.

For Reimbursement Account participants who hold debit cards:
Benefits Cards are able to automatically substantiate many of your over-the-counter FSA eligible expenses through a process called the Inventory Information Approval System (IIAS) as long as you use your card at a vendor that has implemented this  procedure.

For more information and a listing of participating IIAS merchants, click here.