Sunday, February 25, 2024
Benefits/ResourcesCITGO Retiree Reimbursement Account

CITGO Retiree Reimbursement Account Program

CITGO will continue to help you pay for medical coverage through contributions to a Retiree Reimbursement Account (RRA). The RRA is a tax-advantaged account that is credited monthly by CITGO. The amount of the RRA contribution for 2023 will be $202.00 for you and your eligible spouse, funded monthly provided you and/or your spouse continue enrollment in a UnitedHealthcare Medicare Supplement or Medicare Advantage plan.

Your RRA can be used to reimburse eligible expenses such as your Medicare Plan B, Part D, and Medicare Supplement premium expenses. RRA funds can also be used to reimburse out-of-pocket expenses such as co-pays or deductibles. The RRA has a calendar Plan Year from January 1 through December 31 of each year. Your RRA will utilize the twelve-month Plan Year for purposes of incurring claims and obtaining reimbursements.

The Plan permits claims incurred during the Plan Year to be submitted for reimbursement during the "run-out" period, which lasts until 90 days after the end of the Plan Year (or March 31, except in Leap Years). During the run-out period, you or your covered Spouse may submit claims for RRA reimbursement. Claims must be received by UnitedHealthcare by the last day of the run-out period. Any claims received after the end of this run-out period will not be reimbursed.

During the Plan Year, eligible claim submissions for a particular month are suspended when a sufficient balance does not exist. Claims are reimbursed up to the amount available in the account. Any remainig portion of the reimbursement request will be held in suspense until the next month. At the end of the Plan Year, any remaining suspended claims (if applicable) will not be reimbursed. However, if the account has an unused RRA balance as of the end of the run-out period for the prior Plan Year, that unused RRA balance will rollover to be used for the current Plan Year.

 

Useful Contacts

Email us at: contactus@citgoalumni.org
Benefits Hotline: 888-443-5707
UnitedHealthCare Customer Service: 866-317-6359
OptumRX Contact Info: Click Here
Copyright (c) 2024 CITGO Alumni |Privacy Statement|Terms Of Use
Home | Directory | Benefits/Resources | Local Chapters | Contact Us | In Memoriam | Disclaimer