Is a Health Reimbursement Arrangement (HRA) the same as a Flexible Spending Account (FSA)?
(Back to top) No. One of the main differences between the HRA and the FSA is the funding. HRAs are funded solely through employer contributions while FSAs are typically funded by the employee, usually through pre-tax,payroll deductions. You can have both accounts. If you choose to have an FSA and HRA, then expenses eligible under both accounts will usually be reimbursed through the FSA first, then default to the HRA. Contact your Human Resources office for the specifics of your plan.
Related Questions
- Can a Health Reimbursement Arrangement (HRA) or Flexible Spending Account (FSA) also be offered along with a Health Savings Account?
- Can I still use my Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) for tax free reimbursement?
- Can I roll over my Flexible Spending Account (FSA) or Health Reimbursement Arrangement (HRA) account balance to an HSA?
