Is Aetna HRA Different Than HSA? Understanding the Key Differences

Are you confused about the differences between Aetna HRA and HSA? If so, you're not alone. Both Aetna HRA (Health Reimbursement Account) and HSA (Health Savings Account) are tools that can help you save money on healthcare costs, but there are key distinctions between them.

Let's break down the differences between Aetna HRA and HSA:

• Aetna HRA:

• Employer-funded account that reimburses employees for qualified medical expenses
• Funds belong to the employer and may have a
  

  Are you confused about the differences between Aetna HRA and HSA? You're definitely not alone! Both Aetna HRA (Health Reimbursement Account) and HSA (Health Savings Account) have their unique perks that can aid in managing your healthcare expenses. However, it's essential to understand that they function quite differently.

  Let’s clarify these differences:

  • Aetna HRA:
  • An Aetna HRA is an employer-funded account designed to reimburse employees for qualified medical expenses. This means that the funds in an HRA do not belong to you; instead, they remain with your employer.
  • Typically, unspent funds may roll over year to year, but they don’t follow you if you change jobs, as they're owned by your employer.
  • HSA:
  • In contrast, a Health Savings Account (HSA) is a personal savings account that you can fund with pre-tax dollars, allowing you to save for current and future medical expenses. Unlike an Aetna HRA, the money belongs to you!
  • You can carry over your HSA funds indefinitely and even invest your balance for potential growth over time, which is a great way to prepare for future healthcare costs.