Frequently Asked Questions

An HRA is an employer sponsored (funded) account used to reimburse you and your covered dependents for certain medical, dental or vision expenses. Traditional integrated HRA plans reimburse you for a portion of your medical deductible.

Reach out to your employer or Health Accounts at Consumer Health Solutions to find out how claims are filed for reimbursement under your employer's HRA.

The IRS regulates what expenses are FSA eligible and are outlined in Section 213 (d). You can find a comprehensive list of FSA eligible items here.

A Flexible Spending Account (FSA) plan allows you to set aside pretax dollars to be used on eligible expenses incurred within the plan year. FSA rules and eligible expenses are set by the IRS. Be sure to save your itemized receipt each time you use your FSA debit card in case receipts are requested or you are audited by the IRS. FSA plans are "use it or lose it" so be sure to spend your dollars.

The 2024 IRS FSA Limits: $3,200 for FSA and $5,000 for dependent care.

You can read more about the IRS maximums here. 

If you are unsure about how much to contribute to your FSA this year, try the FSA Savings Calculator  to estimate your expenses and how much you would save by using your FSA.

A Health Savings Account (HSA) is a bank account used to save money for qualified medical expenses. You can only open and contribute to an HSA if you are enrolled in a qualified high deductible health plan and meet additional criteria. Contributions can be made on a pretax basis through your employer's payroll. You can invest your cash after reaching a $2,000 threshold. HSA plans are not "use it or lose it" and you keep your money even after you leave employment. 

The 2024 IRS HSA Limits: 

Individuals can contribute up to $4,150

Families can contribute up to $8,300.

Age 55+ additional $1,000 catch up

If you are unsure about how much to contribute to your HSA this year, try out one of our calculators:

My HSA Contribution Calculator

HSA Savings Calculator