💲 So what’s the difference between an HSA (a health savings account) and an HRA (a health reimbursement arrangement)? And which one of these ties into a HDHP (a high-deductible health plan)?
💡 If you’re working for a company, remember that open enrollment for health plans typically starts in October for most folks, so stay informed & choose your health insurance option wisely!
This video: HSA vs. HRA | which health insurance option is better for you WILL GO THROUGH;
1) HRA basics
2) HRA pros & cons
3) HSA basics & high deductible health insurance
4) HSA pros & cons
5) How to choose between an HSA vs HRA - do you even have to?
Here are the timestamps:
0:00 Intro - Similarities between a health savings account & a health reimbursement account/ arrangement
1:25 What is an HRA (HRA explained)
2:44 What is an HSA (HSA explained)
3:50 Comparing the pros & cons of an HRA vs HSA
9:25 Deciding between an HSA vs HRA
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