Health Reimbursement Arrangements are another type of Consumer-Directed Health Plan. Major difference is that the savings account is not portable if the employee leaves. Any surplus in the account belongs to the employer.
When comparing the two, critics point out that ultimately this will NOT change individuals behavior in the long term. i.e. employees will not lose money, they will budget better, but ultimately "use-it" instead of lose-it.
What is an HSA?
Why an HSA?
Who is eligible for an HSA?
Is an HSA right for everyone?
Do I need a certain type of Insurance Plan?
Do I need a certain type of account?
Employer Benefits of HSA Plans
Employee Benefits of HSA Plans
HSA Tax Treatment
Tax Treatment: Inviduals
Tax Treatment: Employer Contributions
How are Distributions Taxed?
Who May Contribute?
How much may be contributed to an HSA in calendar year 2006?
Tax Treatment of Contributions
What are catch up Contributions?
What are “Qualified Medical Expenses?”
Are health insurance premiums qualified medical expenses?
How are claims adjudicated and processed?
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