What is the difference between a Health Reimbursement Account (HRAs) and a Health Savings Account (HSA)?

What is the difference between a Health Reimbursement Account (HRAs) and a Health Savings Account (HSA)?



A. Employer contributions to health reimbursement accounts are limited


B. HRAs are owned by the employer, and are not portable when an employee leaves


C. HRAs are portable


D. Cash disbursements from an HRA for non-medical reason are allowed but incur a tax-penalty



Answer: B.

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