Health Insurance

Can I have an HRA and an HSA at the same time?

The short answer? Only if you meet some very specific criteria.

You can only have an HSA, or Health Savings Account, if you have a High Deductible Health Plan (HDHP). Many people have a HDHP and HSA through their employer.

You can only have an HRA, or Health Reimbursement Arrangement, if you have individual health coverage. An HRA is sometimes provided by an employer because they do not offer group coverage. So typically you either have an HSA because your employer provides group coverage, or you have an HRA because they don’t. You don’t have both.

However, it is possible that you could purchase an individual HDHP with an HSA and also have your employer provide an HRA for your individual expenses. This would be rare, but in this case you could have both an HSA and HRA.

This article provides general information and shouldn’t be construed as legal, benefits, or HR advice. Benefits and insurance regulations may change over time and may vary by location and employer size. So, please consult a licensed broker or appropriately certified expert for advice specific to your business’s benefits options.