How do Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRA) compare?

Health Savings Accounts (HSA)
Health Reimbursement Arrangements (HRA)
Individually owned
Employer owned
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

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