health reimbursement arrangement

[Monica Barnard]

Is a HRA similar to a FSA? Where do I get a document? I am assuming that a Form 5500 has to be filed. Is that correct?

[SLuskin]

Is a HRA similar to a FSA? Where do I get a document? I am assuming that a Form 5500 has to be filed. Is that correct?

It's all employer money. You can get the document from a competent plan services provider. No 5500 if not set up with a trust and less than 100 participants.

[Guest morris]

HRAs are always 100% employer funded. They can also allow rollover and spenddown. There is no connection to a 125 plan.

Although FSAs can be employer funded, they are usually funded by ee contributions, or a mixture of the two. Money not spent by the end of the plan year is lost ("Use it or lose it") and FSAs are usually found under a 125 plan.