{"id":473,"date":"2022-11-28T02:55:46","date_gmt":"2022-11-28T02:55:46","guid":{"rendered":"https:\/\/contaminasian.com\/okcnativehealth\/?p=473"},"modified":"2022-12-05T02:14:28","modified_gmt":"2022-12-05T02:14:28","slug":"hra-vs-hsa-lets-compare","status":"publish","type":"post","link":"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/","title":{"rendered":"HRA vs. HSA: Let\u2019s Compare!"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Feature” _builder_version=”4.17.6″ _module_preset=”default” background_color=”#F3EEE8″ custom_padding=”||||false|false” collapsed=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.1″ _module_preset=”cd2a4f54-9dd5-4b81-94d9-ec2d214579c1″ header_2_font=”Roboto Condensed|300||on|||||” header_2_text_color=”#0D232D” header_2_font_size=”40px” header_2_line_height=”1.15em” header_2_font_size_tablet=”50px” header_2_font_size_phone=”30px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

News & Tips \u2022 HRA vs. HSA: Let\u2019s Compare!<\/strong><\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.1″ _module_preset=”1f09816e-184e-4ce5-a4cf-b39c52c423ca” text_font=”Raleway|500|||||||” text_text_color=”#0D291F” text_font_size=”17px” text_line_height=”1.75em” hover_enabled=”0″ text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”55px” header_font_size_last_edited=”off|desktop” global_colors_info=”{}” sticky_enabled=”0″]A Health Savings Account (HSA) is a savings account linked to a qualified high deductible health plan or HDHP. It assists employees in offsetting the out of pocket expenses that come with an HDHP. Many of these accounts are funded through tax payroll deductions, which can lower employees\u2019 tax obligations. These funds can be used to pay for eligible medical expenses set by the IRS. Employers and employees may each contribute to an HSA with caps on contributions annually.
\n<\/strong>[\/et_pb_text][et_pb_video src=”https:\/\/vimeo.com\/775314158″ image_src=”https:\/\/contaminasian.com\/okcnativehealth\/wp-content\/uploads\/2022\/11\/stockton_27.jpg” _builder_version=”4.18.1″ _module_preset=”default” box_shadow_style=”preset2″ global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” custom_margin=”||30px||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.1″ _module_preset=”1f09816e-184e-4ce5-a4cf-b39c52c423ca” text_font=”Raleway|500|||||||” text_text_color=”#0D291F” text_font_size=”17px” text_line_height=”1.75em” hover_enabled=”0″ text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”55px” header_font_size_last_edited=”off|desktop” global_colors_info=”{}” sticky_enabled=”0″]On the other hand, HRAs, or \u201cHealth Reimbursement Accounts, are funded entirely by the employer and designed to help employees pay for qualified medical expenses. HRAs do not have contribution limits but unspent funds which may accumulate over time at the employers discretion are ultimately forfeited by the employee upon leaving a company. Think of these HRAs as promises from employers. An IOU that employees with qualifying injuries can use to pay their bills. This means that ultimately, the employer may reclaim unspent benefits.<\/p>\n

The benefits to offering these programs are many. First, that employees have access to tax advantaged reimbursement that can be accomplished easily and efficiently with the help of an employer. Second, that employers are able to contribute money to these programs as well means employees know that their company cares for them. The programs also raise employee\u2019s ability to take care of themselves by increasing access to care as well as smart medical consumerism. Finally, plan level distinctions allow employees to customize how much they contribute to each employee based on bonafide business classifications.<\/p>\n

Employers can offer both HRAs and HSAs to their employees in order to maximize the individual benefits of both programs.<\/p>\n

Sep 14, Published: and 2016. \u201c2016 Employer Health Benefits Survey – Summary Of Findings.\u201d <\/span>KFF<\/span><\/i>, 14 Sept. 2016, https:\/\/www.kff.org\/report-section\/ehbs-2016-summary-of-findings\/.<\/a><\/span><\/p>\n

Griffin, Jeff. <\/span>Is Your High Deductible Health Plan (HDHP) HSA Qualified?<\/span><\/i> https:\/\/www.griffinbenefits.com\/blog\/high-deductible-health-plan-hsa-qualified<\/a>. Accessed 2 Dec. 2022.<\/span><\/span><\/p>\n

 <\/p>\n

 [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Call to Action” _builder_version=”4.18.1″ _module_preset=”default” background_color=”#eaddda” custom_padding=”0px||0px||false|false” global_module=”252″ saved_tabs=”all” collapsed=”on” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.17.6″ _module_preset=”default” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.17.6″ _module_preset=”default” custom_padding=”8%|4%|4%||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.1″ _module_preset=”b327cbe4-b1d5-4b66-ad37-40c8f2f061ba” header_2_font=”Anton|||on|||||” header_2_text_color=”#8c9d85″ header_2_font_size=”70px” header_2_line_height=”1.15em” header_2_font_size_tablet=”32px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Book an Appointment!<\/h2>\n

[\/et_pb_text][et_pb_button button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjEzNiJ9fQ==@” button_text=”Connect Now!” _builder_version=”4.18.1″ _dynamic_attributes=”button_url” _module_preset=”db46e67d-9505-40bb-9ebd-8901bc8b3a95″ custom_button=”on” button_text_size=”12px” button_text_color=”#FFFFFF” button_bg_color=”#0D232D” button_border_width=”0px” button_border_radius=”0px” button_letter_spacing=”0.5em” button_font=”Open Sans|700||on|||||” custom_padding=”16px|24px|16px|24px|true|true” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.17.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/contaminasian.com\/okcnativehealth\/wp-content\/uploads\/2022\/11\/stockton_15.jpg” title_text=”stockton_15″ _builder_version=”4.18.1″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.1″ _module_preset=”default” global_module=”385″ saved_tabs=”all” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.1″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.1″ _module_preset=”cd2a4f54-9dd5-4b81-94d9-ec2d214579c1″ header_2_font=”Roboto Condensed|300||on|||||” header_2_text_color=”#0D232D” header_2_font_size=”40px” header_2_line_height=”1.15em” custom_margin=”3px|||||” header_2_font_size_tablet=”50px” header_2_font_size_phone=”30px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

News & Tips \u2022 Related Features<\/strong><\/h2>\n

[\/et_pb_text][et_pb_blog fullwidth=”off” include_categories=”3″ show_more=”on” show_author=”off” show_date=”off” _builder_version=”4.18.1″ _module_preset=”default” animation_style=”slide” box_shadow_style=”preset2″ box_shadow_horizontal=”15px” global_colors_info=”{}”][\/et_pb_blog][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

News & Tips \u2022 HRA vs. HSA: Let\u2019s Compare!A Health Savings Account (HSA) is a savings account linked to a qualified high deductible health plan or HDHP. It assists employees in offsetting the out of pocket expenses that come with an HDHP. Many of these accounts are funded through tax payroll deductions, which can lower […]<\/p>\n","protected":false},"author":2,"featured_media":476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"\nHRA vs. HSA: Let\u2019s Compare! - Native Benefits of OKC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HRA vs. HSA: Let\u2019s Compare! - Native Benefits of OKC\" \/>\n<meta property=\"og:description\" content=\"News & Tips \u2022 HRA vs. HSA: Let\u2019s Compare!A Health Savings Account (HSA) is a savings account linked to a qualified high deductible health plan or HDHP. It assists employees in offsetting the out of pocket expenses that come with an HDHP. Many of these accounts are funded through tax payroll deductions, which can lower […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/\" \/>\n<meta property=\"og:site_name\" content=\"Native Benefits of OKC\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-28T02:55:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T02:14:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/contaminasian.com\/okcnativehealth\/wp-content\/uploads\/2022\/11\/stockton_27.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jerome Robinson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jerome Robinson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/\",\"url\":\"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/\",\"name\":\"HRA vs. HSA: Let\u2019s Compare! - Native Benefits of OKC\",\"isPartOf\":{\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/#website\"},\"datePublished\":\"2022-11-28T02:55:46+00:00\",\"dateModified\":\"2022-12-05T02:14:28+00:00\",\"author\":{\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/#\/schema\/person\/10350509cdaeb12dc6d6b3fecdc0b704\"},\"breadcrumb\":{\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/contaminasian.com\/okcnativehealth\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HRA vs. HSA: Let\u2019s Compare!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/#website\",\"url\":\"https:\/\/contaminasian.com\/okcnativehealth\/\",\"name\":\"Native Benefits of OKC\",\"description\":\"We specialize in providing cost effective and cutting edge approaches for Native American employee group benefit plans\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/contaminasian.com\/okcnativehealth\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/#\/schema\/person\/10350509cdaeb12dc6d6b3fecdc0b704\",\"name\":\"Jerome Robinson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/contaminasian.com\/okcnativehealth\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/14865865e5f9c9aa9ec2fe969a30f74e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/14865865e5f9c9aa9ec2fe969a30f74e?s=96&d=mm&r=g\",\"caption\":\"Jerome Robinson\"},\"url\":\"https:\/\/contaminasian.com\/okcnativehealth\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"HRA vs. HSA: Let\u2019s Compare! - Native Benefits of OKC","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/","og_locale":"en_US","og_type":"article","og_title":"HRA vs. HSA: Let\u2019s Compare! - Native Benefits of OKC","og_description":"News & Tips \u2022 HRA vs. HSA: Let\u2019s Compare!A Health Savings Account (HSA) is a savings account linked to a qualified high deductible health plan or HDHP. It assists employees in offsetting the out of pocket expenses that come with an HDHP. Many of these accounts are funded through tax payroll deductions, which can lower […]","og_url":"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/","og_site_name":"Native Benefits of OKC","article_published_time":"2022-11-28T02:55:46+00:00","article_modified_time":"2022-12-05T02:14:28+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/contaminasian.com\/okcnativehealth\/wp-content\/uploads\/2022\/11\/stockton_27.jpg","type":"image\/jpeg"}],"author":"Jerome Robinson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jerome Robinson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/","url":"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/","name":"HRA vs. HSA: Let\u2019s Compare! - Native Benefits of OKC","isPartOf":{"@id":"https:\/\/contaminasian.com\/okcnativehealth\/#website"},"datePublished":"2022-11-28T02:55:46+00:00","dateModified":"2022-12-05T02:14:28+00:00","author":{"@id":"https:\/\/contaminasian.com\/okcnativehealth\/#\/schema\/person\/10350509cdaeb12dc6d6b3fecdc0b704"},"breadcrumb":{"@id":"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/contaminasian.com\/okcnativehealth\/hra-vs-hsa-lets-compare\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/contaminasian.com\/okcnativehealth\/"},{"@type":"ListItem","position":2,"name":"HRA vs. HSA: Let\u2019s Compare!"}]},{"@type":"WebSite","@id":"https:\/\/contaminasian.com\/okcnativehealth\/#website","url":"https:\/\/contaminasian.com\/okcnativehealth\/","name":"Native Benefits of OKC","description":"We specialize in providing cost effective and cutting edge approaches for Native American employee group benefit plans","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/contaminasian.com\/okcnativehealth\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/contaminasian.com\/okcnativehealth\/#\/schema\/person\/10350509cdaeb12dc6d6b3fecdc0b704","name":"Jerome Robinson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/contaminasian.com\/okcnativehealth\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/14865865e5f9c9aa9ec2fe969a30f74e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/14865865e5f9c9aa9ec2fe969a30f74e?s=96&d=mm&r=g","caption":"Jerome Robinson"},"url":"https:\/\/contaminasian.com\/okcnativehealth\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/posts\/473"}],"collection":[{"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/comments?post=473"}],"version-history":[{"count":6,"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/posts\/473\/revisions"}],"predecessor-version":[{"id":510,"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/posts\/473\/revisions\/510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/media\/476"}],"wp:attachment":[{"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/media?parent=473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/categories?post=473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/contaminasian.com\/okcnativehealth\/wp-json\/wp\/v2\/tags?post=473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}