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Intro to HSA & HRA
Health Savings Accounts- HSA
HSA's create employee savings accounts to pay - tax free-
qualified medical expenses. HSA's offer reduced premiums
from a high-deductible health plan, tax benefits and
a future supplement to retirement income.
Health Reimbursement Arrangements-
HRA
HRA's enable employers to use premium savings offered
by a high-deductible health plan as reimbursement for
a portion of each employee's medical expenses. WIth HRA's,
employers can reduce premiums, create tax deductions
and improve cash flow.
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