Can I have both an HRA and an HSA? | HSA Health Savings Account

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

Can you have both HRA and HSA?

If you're wondering whether you can have both a Health Reimbursement Account (HRA) and a Health Savings Account (HSA), the answer is yes, but with certain limitations and considerations. Both HRA and HSA are types of accounts that are designed to help you pay for medical expenses, but they have different rules and regulations.

Yes, you can indeed have both an HRA and an HSA, which can provide you with greater flexibility in managing your healthcare finances. However, remember that they operate under different rules that can affect how you use them together.

Key limitations for using them together

Having both an HRA and an HSA can offer you more flexibility in managing your healthcare costs and maximizing your savings. Here are some key points to consider:

• You can have an HRA and an HSA at the same time, but there are restrictions on how they can be used together.
• If you have an HRA, it's important to check if it is a limited-purpose HRA that only covers certain medical expenses, as this can impact your HSA eligibility.
• Contributions to an HSA can only be made if you have a High Deductible Health Plan (HDHP), so make sure you meet this requirement if you want to contribute to an HSA.
• Employers are allowed to contribute to both an HRA and an HSA on behalf of their employees, which can help boost your savings even further.

Overall, having both an HRA and an HSA can be a strategic approach to managing your healthcare expenses, but it's essential to understand the rules and limitations that come with each account.