Which Plan is Best for my Company? HSA Vs Hra

	*HSA*	*HRA*
	Health Saving Accounts	Health Reimbursement Arrangements
*Plan Requirement*	Yes-$1,150/$2,300	None
	Must be Qualified High Deductible Health Plan	Can be used with any health plan or stand-alone health plan
*Availability*		Any health plan works.
*Maximum Contribution*	$3,050 Individual	Not Applicable
	$6,150 Family	Not Applicable
*Eligible Contributors*	Employee and/or	Employer Only
	Employer	Employer Only
*Funding Required?*	No	No Pre-Funding Required
*Fund Ownership*	Employee owned. This is an asset account. It can be cashed out.	“Promise to Pay” There is no asset. It is a promised benefit.
*Fund Accumulation*	Yes	Employer Decides
*Portability*	Yes	Employer Decides
*Tax Deductibility – EE*	Yes	Not Applicable
*Tax Deductibility – ER*	Yes	Yes
*Tax-Free Benefits*	Yes – for all IRS qualified expenses	Yes – for all eligible qualified expenses as defined by plan
*1^st Dollar Coverage Allowed?*	No.	Yes.
	Only Preventive coverage allowed prior to the plan deductible	There are no plan requirements or limitations.
*Rx Co-Pays Allowed?*	Yes if preventative	Yes
*Office Co-Pays Allowed?*	No	Yes
*ER Room Co-Pay Allowed?*	No	Yes
*Withdrawals Allowed?*	Yes – 10% Penalty	No