what is a hra vs a hsa 
a health reimbursement arrangement hra is a benefit used to pay employees back in tax free money for certain qualified medical expenses and health coverage premiums 1a health savings account hsa is a tax advantaged account used by individuals covered under a high deductible health plan hdhp looking to save up to cover the cost of qualified medical expenses 3can i cash out my hra you cannot cash out your hra hra money that hasn t been used by the end of the year can usually be rolled over to the following year with an employer determining the maximum amount that can be carried from one year to another 18