Some of you may be reading this now and thinking, “I don’t even know what a rollback is”. It may be that you have not been impacted by this or did not know what it was called. This feature occurs when retirees have set up their accounts to have Via Benefits automatically reimburse them for premiums. If a retiree utilizes all of the HRA funds prior to the end of the year, but reimbursements are still scheduled to come out, a rollback occurs the next January when the new year’s HRA funds are contributed to the account. The new funds are “rolled back” to reimburse for the expenses that could be not reimbursed the previous year. When this occurs, the retiree will have less, in some cases, no funds remaining for the new year.
It can become an endless cycle of paying previous expenses and never quite catching up. When retirees inquire about the large deposit they receive in January, it is suggested that they utilize it for their upcoming healthcare costs. I don’t know about you, but that may be difficult to do when a large amount of money was just deposited into your account. To eliminate confusion and allow the funds to be utilized in the appropriate year, the rollback feature will end this year. All 2024 funds will be left in the account in January to be utilized in 2024.