Enrolling in the high deductible health plan so I can make HSA contributions. There's another contribution option called Heath Care Reimbursement Account. What is that and any upsides to enrolling?

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Sounds like an FSA, but read the fine print. With FSAs you lose unspent money in the account each year; with HSAs you keep the money for life

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Yeah the fine print is very vague. Totally agree about HSA, it's the only reason I'm enrolling in a HDHP. This other reimbursement account option is new to me and I don't understand why people would enroll in it so feel like I'm missing something.

Health Care Reimbursement Account (HCRA) is a “use it or lose it account”. There is no options to invest. You can select other lower deductible healthcare options. So if people don’t want high deductible but other option s you can deject this account to allocate pre tax dollars

Healthcare Spending Account (HSA) is tied to High Deductible healthcare selection. You keep your money. There is a limit you can contribute per year on a pre tax basis. You can invest in funds.

There is also a Limited Healthcare Spending reimbursement account. Pre tax money here is used for dental and vision spending only. People typically have High Deductible health option, have a HSA and than this account
This is a “use it or lose it”. Not sure how much pre tax you can allocate here.

Hope this helps..good luck

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My pleasure pass it forward ..

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