Health Savings Accounts (HSA) |
Health Reimbursement Arrangements (HRA) |
| Individually owned |
Employer owned |
| Portable |
Specific to employer |
| Funded before use |
Funded as needed |
| Contributions made by employee, employer, or others on owner's behalf |
Funded by employer only |
| Balance rolls over at year end |
Rollover optional |
| Must be used with qualified HDHP |
Can be used with any health plan |
| Can be used as a savings/investment vehicle for future medical expenses |
Remains employer asset |