Log In | Contact Us | Enroll Now | Broker Registration
Home HSAs, HRAs, FSAs Brokers, Health Plans & Banks Employers About HealthEquity
About Health Care Accounts :  HSAs vs. HRAs vs. FSAs


Enter your question
below. If I don't have
the answer, I'll be
happy to put you in
touch with someone
who does.
 
  
 
 

 

HSA or HRA or FSA.
What's the difference?

  Health Savings Account (HSA) Health Reimbursement Arrangement (HRA) Flexible Spending Account (FSA)
The Basics A tax-advantaged account used to pay qualified medical expenses of the account holder, spouse, or dependents An employer-funded arrangement used to reimburse employees for qualified medical expenses An employer-established, tax-advantaged account funded by employees to pay for qualified medical expenses with tax-free dollars
Who can open the account? The employee or employer as long as the employee is enrolled in an HSA-eligible health plan The employer The employer
Who can contribute? Employers, employees or any third party The employer The employee
Who owns the account? The employee The employer All unspent funds revert back to the employer at year end
Is there a yearly contribution limit? Yes. $2,900 for individuals and $5,800 for families in 2008 Yes. Determined by the employer Yes. Determined by the employer
Do unused funds carry over to the next year? Yes Determined by employer No
Can you take the account with you if you change jobs or retire? Yes No No
Can you use the account for retirement income? Yes. After age 65 you can withdraw money for any reason with no penalty, although it will be taxed as income No No
 
 
Press Room | Contact Us | Privacy Policy | Enroll Now | Site Map | Join the HealthEquity Team © 2008, HealthEquity, Inc. All rights reserved.