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Date HR Was Notified by Employee Sfasu  Form

Date HR Was Notified by Employee Sfasu Form

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as healthcare expenses continue to increase many employees are recognizing the tax savings and financial benefits of health savings accounts or hsas and health reimbursement arrangements or hras so you may be wondering whether an employee can have an hsa and an hra at the same time in this episode of hr faq i'll answer that question but first let's clarify what we mean by hsa and hra what's the difference between an hsa and an hra an hsa or health savings account is owned and funded by an employee hsa funds can be used to pay for qualified medical expenses and may roll over from year to year contributions are tax-free and employers may contribute if they choose hsa funds can be invested in interest-bearing accounts ing to the irs hsas must be coupled with a high deductible health plan or hdhp on the other hand an hra or health reimbursement arrangement is owned and funded by an employer hra funds can be used to reimburse employees for qualified medical expenses

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