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Smart benefit funding

HSA and HRA funding strategies

Use tax-advantaged account strategies to support employees and balance plan design with employer budget priorities.

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Free local guidance

Build a better benefits plan

A local benefits advisor will respond personally.

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Private • No obligation • Local support

Health Savings Account

Open your HSA online

Start your individual HSA application online. Review eligibility, account terms and fees before you apply.

Open an HSA Account ↗

For an employer-sponsored HSA, ask your employer for setup instructions. Opens our account provider’s website in a new tab. This application is for an HSA account, not health insurance or an HRA.

HSA-compatible plan review
HRA design considerations
Employee education
HSA and HRA strategies

Choose how your benefit dollars reach employees.

HSAs and HRAs are tools, not plans. The right choice depends on your health plan, your budget and how much flexibility you want employees to have.

HSA with a qualifying plan

Employees own the account. It must be paired with an eligible high-deductible health plan.

HRA you fund

The employer reimburses approved expenses under rules you set.

Individual coverage HRA

Some employers reimburse employees for coverage they buy on their own.

HSA, HRA and the plan underneath

Start with the health plan, then choose the funding tool that fits it.

Health savings account (HSA)

  • Paired with an eligible high-deductible health plan
  • The account belongs to the employee
  • Employers may contribute, subject to IRS limits

IRS Publication 969 explains eligibility and current limits.

Health reimbursement arrangement (HRA)

  • Funded by the employer
  • The employer defines which expenses are reimbursed
  • Different HRA types have different rules

HealthCare.gov explains small-employer HRAs, CHOICE arrangements and how to decide between group coverage and an HRA.

Questions to settle first

  • How much will the business contribute each month?
  • Should every employee be treated the same, or by class?
  • Who administers the accounts and claims?
  • How will employees learn to use them?

We are not tax advisers. Confirm the tax treatment with your accountant.

General educational information. Coverage, eligibility and plan terms vary.

Common questions

Start with a clear answer.

These are general explanations. A licensed advisor can help you apply them to your specific situation.

Do we need a special health plan for an HSA?+

Yes. HSA eligibility depends on being covered by a qualifying high-deductible health plan and meeting other IRS rules. See IRS Publication 969.

What is the difference between an HSA and an HRA?+

An HSA belongs to the employee. An HRA is set up and funded by the employer, which sets the reimbursement rules.

Can a small business use an HRA?+

Several HRA types exist, with different rules for who can use them. We review which, if any, fits your situation.

Local help when you are ready

Talk through your options with Songer Insurance.

No call center. No pressure. Just clear guidance from a licensed local team for employers.

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