11 North 2 nd Avenue ◊ St. Charles, IL 60174 ◊ 800-570-3757
Plan Comparison
This chart can help you compare our plans, and choose the one that is best for you:
| Feature | Qualified HSA | HRA |
| Description | Tax qualified Health Savings Account | Employer sponsored Health Reimbursement Account |
| Who is eligible | Anyone under the age of 65 | Any group with 2+ employees, except Subchapter S owners |
| Insurance deductible requirements | Minimum of $1,050 for single coverage, $2,100 for family coverage | No limitations |
| Funding requirements | Funds must be on deposit to pay for care | Fund only claims actually paid (@ 20% of the benefit amount per employee) |
| Who can contribute | Employer or employee, or both | Employer only |
| How much can be deposited | 100% of deductible, Max. of $2,700 for single coverage, $5,450 family coverage | Employer can choose how much to pay for care (call AHR for options) |
| When are funds available for care? | When deposited | Funds for entire year are available immediately |
| Tax status of deposits | If employee: tax deductible. If employer: Tax deductible, not taxable to employee | Deductible to employer, nontaxable as income to employee |
| Restrictions on use | Medical care only, 10% tax penalty for other use | Medical care only. No other use is permitted. |
| Rollover restrictions | May not be rolled over into an IRA | May roll over to subsequent year |
| What happens to money not used for medical care? | Remains in plan for future medical use, or retirement after age 67 ½ | Employer decides. Funds may be rolled over into the next year, or accounts brought to zero at the end of the year. |
| Portability (Who owns the funds?) | Employee, as soon as deposited | Employer. The funds are never owned by the employee |
| Advantages | Tax qualified | Greater savings for employer, greater flexibility. tailored to fix problems of any group plan |
Telephone: 800-570-3757
Fax: 630-762-1719
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Address: 11 North 2nd Avenue, St. Charles, IL 60174