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Funding Accounts

Find the Right Funding Account

With funding accounts such as health reimbursement arrangements (HRA), flexible spending accounts (FSA) and health savings accounts (HSA), you get more back: lower premiums, tax-free or tax-deductible contributions, and more flexibility in benefits design. You also provide your employees with tax savings, the ability to offset out-of-pocket expenses, and more control.

Want to learn more about the differences between the three types of funding accounts? Visit our consumer-directed health funding account site.


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Health Reimbursement
Arrangement (HRA)

Health Savings Account 

Flexible Spending Account 

Account Holder


Individual (Employee)



Individual must work for an employer that offers one

Individual must be enrolled in an HSA-qualified medical plan

Individual must work for an employer that offers one


Employer only

Individual and/or employer and certain others

Individual and/or employer


Cannot be rolled over to a new employer

The employee takes it when leaving employment; after age 65, funds may be used for non-medical expenses

Cannot be rolled over to a new employer

Fund Carryover from Year to Year

Optional (determined by employer)

Funds carry over year to year

Health FSA: Optional (employers choose a 77-day grace period, a $500 carryover, or neither)

Dependent Care FSA: Funds are forfeited to employer if they are not used by the end of the plan year after a run-out period or grace period, if applicable

CDPHP Plan Compatibility

EPO, PPO, or HMO with a deductible, or any HDEPO, HDPPO, HDHMO



Qualified Expenses

Determined by employer; can include copayments, deductibles, vision care, dental care, prescriptions, and other IRS-qualified medical expenses

All IRS-qualified medical expenses

Health FSA: All IRS-qualified medical expenses, or defined, limited expenses such as dental and vision care

Dependent Care FSA: Child or adult day care