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HSA or HRA?

To help decide which medical plan option is right for you, consider how the accounts that accompany each option work. For more detail, please also see:

Purpose

HSA (with Health Investment Option) HRA (with Enhanced Standard Option)
Current year and long-term health care expenses Current year health care expenses only

Annual Fordham contribution

HSA (with Health Investment Option) HRA (with Enhanced Standard Option)
$750 Employee / $1,500 Family $400 Employee / $800 Family

Can you contribute tax-free dollars?

HSA (with Health Investment Option) HRA (with Enhanced Standard Option)
Yes, up to IRS limits No

Covers what eligible expenses?

HSA (with Health Investment Option) HRA (with Enhanced Standard Option)
Qualified medical, dental, and vision expenses. For a complete list of eligible expenses, visit irs.gov and see Publication 502. Qualified medical, dental, and vision expenses. For a complete list of eligible expenses, visit irs.gov and see Publication 969.

Rollover limit for unused dollars at year end?

HSA (with Health Investment Option) HRA (with Enhanced Standard Option)
No limit Up to December 31, 2020

Take funds with you when you retire or leave Fordham?

HSA (with Health Investment Option) HRA (with Enhanced Standard Option)
Yes No (but unused funds may be used for up to one year provided termination of employment occurs by December 31, 2020).

Can you contribute to a Health Care Flexible Spending Account?

HSA (with Health Investment Option) HRA (with Enhanced Standard Option)
Yes, through a Limited Purpose FSA Yes