Health Funding Accounts

Helping You Achieve a Healthier Bottom Line

CDPHP makes it easy with funding account options, flexibility, and choice of administrator.

Funding account options

When it comes to choosing the type of funding account to offer, it’s all about what’s best for your company and your employees.

Key differentiators among the options include:

Who makes the contributions?
What expenses the funds can be used for
Whether the funds can roll over from year to year

Use the resources below to learn about each type of funding account and how each can be used to help reduce the costs of your medical expenses.

View qualified medical expenses designated by the IRS.

	Health Reimbursement Arrangement (HRA)	Health Savings Account (HSA)	Flexible Spending Account (FSA)
Account Holder	Employer	Individual (Employee)	Employer
Eligibility	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
Funding	Employer only	Individual and/or employer and certain others	Individual and/or employer
Portability	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 2 1/2 month grace period, carryover up to IRS maximum limit, 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, HMO, HDEPO, HDPPO, HDHMO	Qualified HDEPO, HDPPO, HDHMO	EPO, PPO, HMO, 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

Select the administrator that's right for you

Choose from two trusted third-party administrators (TPAs) for FSA/HRA plan administration:

CDPHP

Our unique claims integration system makes it easier to administer and use an HRA from CDPHP. It saves time and eliminates hassle by substantiating claims and paying the provider directly on behalf of your employees. And best of all – it all happens at CDPHP. That means no extra claims feeds or different service vendors to manage, keeping information secure and providing more efficient coordination of medical benefits and HRA claims.

HealthEquity

The unique relationship between CDPHP and HealthEquity allows for true data integration. Unlike most other health account administrators who claim to have “integration,” our solution with HealthEquity is complete. Our proprietary technology allows claims, eligibility, and other data to be imported directly into an accommodating system. This results in a smooth experience with less paperwork and more powerful tools.

	CDPHP	HealthEquity
Health Reimbursement Arrangement (HRAs)
General Purpose HRA
Post Deductible HRA
Limited Purpose HRA
Flexible Spending Accounts (FSAs)
General Purpose Health FSA
Limited Purpose Health FSA
Post Deductible Health FSA
Dependent Care FSA
Health Savings Account (HSA)
COBRA

Important:

If selecting Integrated HRA and FSA, both plans need to be through the same administrator.
If selecting Integrated HSA through HealthEquity, you have the option to choose HRA/FSA administrator.
Integrated Healthy Direction HRA is offered through HealthEquity only.

Check out our Funding Accounts Employer Guide to learn more about funding account administration from CDPHP and HealthEquity as you decide what’s right for your business and your employees.

Ready to offer funding accounts for your employees?

Call CDPHP to get started

Funding Accounts

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