What You Need to Know - HRA and FSA

The HRA and FSA have many things in common, but there are some important differences. Here?s what your employees need to know.

Employees are busy, and it's important they understand the value of the health reimbusement account (HRA) you are funding for them, and when and how they use it while they are with your company:

• Comes alongside enrolling in a high-deductible health plan
• Pay for qualified medical dental and visions expenses
• Spend only what's in the account but roll what's not to the next year

 The engaging video also gives the highlights of a flexible spending account:

• Sign up when you enroll
• Save easily through automatic payroll deductions
• Access the full year's contribution at the start of the year
• Spend it before year-end and submit expenses

When and how to use: 
Play this video ahead of enrollment or anytime during the year for new hires: 

• Post on intranet/portal/microsite
• Link in an email
• Play on digital sign boards
• Show during onboarding and enrollment meetings

The video ends with a pointer to your summary plan descriptions to learn more.

Series: Feed Your Brain