6. CDHC _ an alphabet soup of new plans FSA HSA HRA
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12. Summary Funding Method Comparison Yes, earns tax-interest No an Arrangement Yes Is it a Personal Account Employee and/or Employer Employer Employee and/or Employer Who funds it Employee and/or Employer Employer Employee and/or Employer Who owns it HSA HRA FSA
13. Summary Funding Method Comparison HSA HRA FSA Employer contribution deductible to employer, non-taxable to employee, Deductible by employer and non taxable to employee Contributions are tax-free and reduce annual income Tax Benefits 100% of deductible or $2,600 Individual / $5,150 family, whichever is less No Federal income tax law limits $5,000 per year Contribution Limits
14. Summary Funding Method Comparison HSA HRA FSA Qualified medical expenses,including OTC drugs. No health insurance premiums, except for long term care insurance. Qualified health insurance premiums and medical expenses, including OTC drugs Qualified medical expenses including OTC drugs and health insurance premiums Allowed Expenses Employee contribution deposited pre-tax Tax Benefits
15. Summary Funding Method Comparison HSA HRA FSA Yes. Personal account that belongs to employee No. Funds belong to employer No. “ Funds must be spent by years end” Portability Unused funds carried over indefinitely and may be invested Employers discretion No “ Use it or Lose it “ Carryover Tax penalty for non-medical expenses
