Group Health Plans of La.
Serving insurance needs since 1974 from "the Big Easy" in New Orleans, La.

Consult with an expert for ten minutes,..... free!                    call  1 888 456 1858  or  504 456 1858

or
Request a Medical or Healthcare Reimbursement Quote !
 

HealthCare Reimbursement Account -- Flexible Spending Account----HealthCare Savings Account----- Medical Savings Account

HRA   FSA  HSA -----Which is best?
Can they be made to work together?.......Yes !

Account features

HRA

FSA

HSA  

Who owns the account?

Employer.

You

You

Is it a  "Use-it-or-lose-it" benefit?

No

Yes

No

Do you own your account if you leave your job?

Employer  Decides

Yes

Yes

Who contributes to the account?

Employer Only

You or Employer

You or Employer

Can you have other health care spending accounts?

Yes.

Yes.

Yes

Is it mandatory to have only a high-deductible health  plan?

No.

No.

Yes

Liberalized Expense qualification?

No No Yes
Do funds go to spouse at death No No Yes
Can older people contribute higher amounts? No No Yes, age 55-65 +$1000 per individual per year
Can funds be left to accumulate and later used to pay retirement health insurance costs? No No Yes
Are Doctor & Rx co pays
allowed in the plan?
Yes Yes No

How does the plan effect your Income Taxes?

 Reimbursements are     tax-free.

Reduces your income taxes based upon your contribution

Reimbursements are tax free up to 100% of your deductible
 

Request a Quote !


Consult an Expert by email about     HRA_FSP HSA Accounts

Or Call Toll Free...1-888-456-1858 or 504-456-1858