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Premium cash option (PCO)

Offset the cost of other group health insurance premiums. You receive the employer amount free of tax each year. You are eligible if you are not covered for health insurance with the State Employees’ Insurance Board.

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How it works

With a PCO, also known as a health reimbursement account, your employer contributes money for you to pay for eligible out-of-pocket health care insurance premium costs. At retirement, any remaining balance will transfer to a Retiree Only Health Reimbursement Account (ROHRA).

When you incur health insurance premium group expenses, you can submit claims to be reimbursed from the PCO.

Frequently asked questions about your HRA

Sign in to manage your account, see transactions and balances, submit claims, and manage bank accounts for claim reimbursements. You can even use our mobile app to manage your account or take photos of and submit missing claims documentation.

After you have paid your medical insurance, then submit a claim online or by email, mail or fax. Along with the claim, send a receipt that shows:

  • The name of the insurance carrier
  • The date of payment and the time period of coverage
  • A description of the service, i.e.: medical insurance 
  • The amount charged (or what you are responsible for paying)

Guide: How to submit a reimbursement request

Sign in to your account to submit a claim online.

The ROHRA is a plan for participants that are either enrolled in the Premium Cash Option (PCO) or Limited Purpose HRA (LPHRA) at the time of retirement and have unspent funds.

How it works 
This plan is more flexible about eligible expenses that can be reimbursed. ROHRA funds can be used to reimburse you for group and non-group medical premiums, dental, vision and FSA-eligible health care expenses. 

When you incur eligible qualified medical expenses, you can submit claims to be reimbursed from the ROHRA.