HSA, HRA & FSA INFORMATION
Paying for care with health spending accounts
Setting up accounts for your employees offers them the flexibility to save for care and other expenses, plus a few tax benefits as well. Here’s a quick look at your options.
See how our spending accounts compare
Here’s how Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA) and Flexible Spending Accounts (FSA) work and how they differ.
HSA
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HRA
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FSA
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Your employee owns the account |
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The employer owns the account |
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Your employee has an HSA-Qualified Plan (HDHP) |
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Only the employer can put money into the account |
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Both the employer and employee can put money into the account |
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Your employee can invest the money in the account |
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Your employee has to report the account when doing taxes |
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Learn about each type of spending account
Health Savings Account (HSA)
A Health Savings Account (HSA) is a bank account that lets your employees set aside pre-tax money to pay for certain health care expenses or save for retirement. Your employees may qualify for an HSA if they have an HSA-Qualified Plan (HDHP).
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