The answer to this question depends on how your employer has designed its ICHRA plan.
- Some employers set the Health Wallet funds to expire at the end of each plan year.
- Other employers allow the entire Health Wallet balance to roll over year-over-year.
- Or, the employer may allow only a portion of the Health Wallet to roll over.
What happens if you separate from your employer?
- You can typically maintain access to your Health Wallet by participating in the employer's COBRA plan.
- However, once you terminate your ICHRA coverage, you forfeit your Health Wallet balance.
You can see your current Health Wallet Balance by signing into your account and going to the Health Wallet section.