Funding Accounts

Together, CDPHP and HealthEquity deliver a fully integrated approach to consumer-driven healthcare that combines industry-leading health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs) with your health plan design.

It’s a solution with easy enrollment, less paperwork, and hassle-free claims. This means simplified account management as well as online tools, resources, and education. You’ll also get the dedicated service and support that distinguishes HealthEquity’s offerings.

Unique claims integration solution

Unlike most other health account administrators who claim to have “integration,” HealthEquity’s solution is complete. Proprietary technology allows claims, eligibility, and other data to be imported directly into a flexible system. This results in a smooth experience with less paperwork and powerful tools.

Support is available every hour of every day

1-855-437-4727.

Learn more at HealthEquity

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.

	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 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, 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

Funding Accounts

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Unique claims integration solution

Support is available every hour of every day

Understanding Funding Accounts

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.