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HRA vs. HSA Accounts: A Comparison

Is an HRA or an HSA the best choice for you?

By Kailey Hagen – Updated Dec 3, 2024 at 4:50PM

Key Points

  • HSAs are owned by the individual, allowing contributions and investment growth; HRAs are employer-owned.
  • HSA contributions provide tax benefits and remain with you after leaving a job; HRA funds are lost after leaving your employer's health plan.
  • Both HRA and HSA reduce healthcare costs, but HRAs have more usage restrictions set by employers.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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