How do HRAs and HSAs compare?
Health Savings Accounts Health Reimbursement Arrangements Individually owned Employer owned Portable Specific to employer Funded before use Funded as needed Contributions made by employee, employer, or others on owner’s behalf Funded by employer only Balance rolls over at year end Rollover optional Must be used with qualified HDHP Can be used with any health plan Can be used as a savings/investment vehicle for future medical expenses Remains employer asset
