HSA vs HRA (10 MAIN DIFFERENCES)

HSA vs HRA (10 MAIN DIFFERENCES) | Do you have both an HSA and HRA in your company and you’re trying to understand the difference? Or are you a small business owner and you’re trying to figure out whether to offer an HSA or HRA to your employees? In this video, we cover 10 differences between an HSA and HRA and the pros and cons of each.

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0:00 HSA vs HRA (10 MAIN DIFFERENCES)
0:28 - What is an HSA?
0:47 - What is an HRA?
1:08 - Who’s eligible?
1:45 - Who funds it?
2:09 - Do I need to have an HDHP?
2:22 - How do I access my funds?
2:43 - What medical expenses are covered?
3:29 - Are there contribution limits?
4:06 - Can I invest my funds?
4:26 - What happens if I don’t use the funds?
4:54 - What happens if I leave my job?
5:18 - Are there any tax advantages?

**RECOMMENDED READING LIST**
The One-Page Financial Plan by Carl Richards (easy read, holistic + fun graphics!) https://amzn.to/35NH54Z

Simple, Smart Investing by Ian Kennedy (can help you construct your investment portfolio)
https://amzn.to/32GRJbJ

A Random Walk Down Wall Street by Burton G. Malkiel (classic book that sold me on index funds) https://amzn.to/2H7pbzS

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