Can I participate in my company’s benefit plan if I’m on my spouse’s employer group plan?

Unfortunately, the answer is no. The StretchDollar health benefit can only be applied to the premiums of a health plan you buy and own (not someone else's). If you're already covered by your spouse's employer group plan and wish to remain on that plan, you won't be able to use your company StretchDollar health benefit.

The StretchDollar pre-tax health benefit is also known as an ICHRA policy or individual health reimbursement arrangement, a relatively new rule established by the IRS. StretchDollar's ICHRA benefit dollars can be applied for health insurance premiums only.

How can you take advantage of your pre-tax premium benefit?

If the StretchDollar health benefit offered by your employer gives you more cost savings than being on your spouse's group plan, you might consider leaving your spouse's plan and purchasing your own individual health insurance.

Check out this article for more details on how to do that: I’m on my spouse’s plan but I want to switch to StretchDollar. What should I do?

Need help? Contact support@stretchdollar.com.