What’s the difference between a health savings account (HSA) and a health reimbursement account (HRA)?

The money in an HRA is provided solely by the employer and serves as a reimbursement for qualified medical expenses. An HSA is a tax-advantaged account that is opened by an individual. It can be funded by the individual or their employer. It is used to pay for IRS-defined healthcare expenses, including Medicare and COBRA premiums.