|
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 +$500 per year/1000
couple |
| 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 |