Comparing HSAs, HRAs, and FSAs

Updated: Jun 6, 2019

Which approach is the best?

Employers are increasingly looking to consumer driven health plans to help soften the blow of continually rising health care costs. Depending on the model, consumer driven health plans typically include health reimbursement arrangements (HRAs), flexible spending accounts (FSAs) or health savings accounts (HSAs).

Some plans incorporate an HRA, health FSA or HSA to help employees pay for their out-of-pocket medical expenses on a tax-free basis. This post provides some basic information about the similarities and differences between HRAs, FSAs and HSAs.

To add Tax Advantaged Accounts to your current benefits, consult News Financial & Insurance Services at

This is not intended to be exhaustive nor should any discussion or opinions be construed as professional advice.


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