Health Reimbursement Arrangement (HRA)
A Health Reimbursement Arrangement (HRA) is an account that is established in your name by your employer. The money that your employer deposits into your HRA is tax-free, and upon eligibility, can be used to reimburse you for your eligible medical expenses.
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Flexible Spending Account (FSA)
A Flexible Spending Account (FSA) allows you to set aside money on a pre-tax basis to pay for eligible medical expenses. Enrolling in the plan gives you a tax-free way to pay for your eligible medical expenses throughout the year. You can control how much or how little you contribute.