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re: Company is dropping HSA for HRA
Posted on 10/20/17 at 10:25 am to LSUFanHouston
Posted on 10/20/17 at 10:25 am to LSUFanHouston
quote:Companies can put money in HSAs too. We get $1000 to start the year in ours. I don't think that's a specific advantage to one over the other.
The benefit of this plan is that the $2,000 is there on day one of the plan year
ETA: I see you address that at the end. If anything it's a point for HSAs since you keep the money.
This post was edited on 10/20/17 at 10:27 am
1
Posted on 10/20/17 at 10:36 am to ell_13
quote:
ETA: I see you address that at the end. If anything it's a point for HSAs since you keep the money.
From the employee point of view, yes.
Let's say you work there for three years. the company would have put $6,000 in your HSA. Assume no other contributions and you never used the money. When you leave the money, that HSA account with $6,000 goes with you.
In an HRA... the $6,000 goes back to the company.
From a pure dollars and cents, especially for large companies, for the company perspective the HRA makes more sense. Now, to say that this is somehow beneficial to the employees is HR bullshite at it's finest
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