SASMI gives active members a big financial boost in 2026

May 19, 2026

Home>News>Members Journal>Spring 2026>SASMI gives active members a big financial boost in 2026

SASMI trustees recently approved a 50% match on employer contributions to active members’ Health Reimbursement Accounts (HRAs).* The match begins with 2025 allocations that members received in their HRA balances early April 2026.

Looking ahead, SASMI trustees will review the Fund’s financial health each year and may approve further enhancements if the Fund’s financial position supports it.

What’s the active HRA?

The SASMI HRA is a special account funded with employer contributions — now with a 50% SASMI match — that active members can use to pay for eligible health care expenses such as:

  • Medications (prescription copays and hundreds of over-the-counter items like pain relievers)
  • Dental exams and cleanings
  • Vision exams
  • Hearing exams and hearing aids

Active members* can use a SASMI HRA debit card to pay for eligible out-of-pocket expenses or get reim­bursed through the SASMI/HCRA app. Either way, it’s a convenient way to cover (or be reimbursed for) certain health care expenses that members would typically pay out of their own pockets.

No matter how you spend it, the HRA and the new 50% match represent a valuable opportunity to strengthen a member’s financial wellness.

How the SASMI HRA match works

Right now, the HRA employer contribution is 20% of the previous year’s employer contributions.

Beginning in 2026, active members will receive the employer’s contribution and SASMI will add an additional 50 cents for every dollar their employer contributes to the HRA on their behalf.

So, a member who got $800 in employer contribu­tions would get an additional $400 in SASMI matching contributions, bringing the total HRA allocation for the member to $1,200 for 2026.

What this means for members

Take full advantage of your growing HRA balance! Your HRA is a non-deduct benefit, which means that it doesn’t affect your benefit amount at retirement. In fact, if you do not use your HRA dollars, they will roll into your HCRA at retirement.

SASMI. Here for you now. There for you later.

Visit sasmi.org for all the details.

*Retirees will continue to receive their 3% interest credit based on their average monthly balance.