| HSA | HRA | Medical FSA | |
| Who is Eligible? | An individual who is covered under a qualified HDHP, is not covered by Medicare, and cannot be claimed as a tax dependent | Any employee, subject to employer's eligibility requirements. Sometimes tied to health plan (may require HDHP). | Any employee, subject to employer's eligibility requirements |
| Who owns the account? | Employee | Employer | Employer |
| Is the account portable? (Can it transfer after leaving employer?) | Yes | Usually No | No |
| Do the funds earn interest? | Yes, Interest accrues tax-free | Usually No. The employer can credit interest if funds are invested. | No |
| Do unused funds carry over to the next year? | Yes | Possibly. This is not required and depends on the plan set up. | Possibly. Some plans offer a rollover of unused funds up to $500. Check your plan details. |
| Who can contribute to the plan? | Employee, Employer, Individual | Employer Only | Employee and/or Employer. |
| Is the plan COBRA eligible? | No | Yes | Yes |
| Can funds be taken out for non-medical related expenses? | Yes, however, non-medical withdrawals are taxable and subject to a 10% penalty if under the age of 65 at time of withdrawal. | No | No |
| Maximum Contribution | For 2021, $3,6000 if the person has single coverage, $7,200 if family coverage. | Limit set by the employer | Limit set by the employer (Up to $2,750 for 2021). |
