HSA/HRA Information

HSA - for current SDA employeesA Health Savings Account (HSA) is a tax-advantaged savings account used to pay for qualified medical expenses. To contribute, you must be enrolled in a High-Deductible Health Plan (HDHP). It offers a "triple tax advantage": contributions are tax-deductible, investment growth is tax-free, and withdrawals are tax-free if used for medical care.

HRA - for SDA retireesAn HRA (Health Reimbursement Arrangement) is an employer-funded plan that reimburses employees for qualified medical expenses. Employers set an allowance limit, and employees request tax-free reimbursements for eligible costs like copays, prescriptions and deductibles. Unused funds belong to the employer and typically do not roll over if you leave the company.