How the FSA, HSA, and HRA compare

What you need to know

Depending on which medical plan you enroll in, you can contribute to a Health Care Flexible Spending Account (FSA) or Health Savings Account (HSA) and/or receive a Health Reimbursement Account (HRA). Each type of account helps you pay for eligible medical, dental, vision, prescription drug, and some over-the-counter expenses.

Which medical plan pairs with each type of account?

Who administers it?

Who can contribute, and what is the 2022 contribution limit?

What can I use it for?

Do I pay taxes on my contributions?

Do I have to use the funds each year?

Things to know

  • For those enrolled in the PPO $300 (grades 15 – 19): You can have both a Health Care FSA and Health Reimbursement Account (HRA). However, the IRS prohibits participants from receiving reimbursements for duplicate claims in two separate programs.
  • For those enrolled in the CDHP: Since you’re eligible for the HSA, you can only have a Limited Purpose FSA and can only use your FSA to pay for eligible dental and vision expenses.

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