| MFSA/HRA/HSA
COMPARISON |
| |
MFSA |
HRA |
HSA |
| Eligibility/Participation |
| Employers |
Yes |
Yes |
Yes |
| Self
Employed |
No |
No |
Yes |
| S
Corp Owners |
No |
No |
Yes |
| Partners |
No |
No |
Yes |
| Individuals |
No |
No |
Yes |
 |
| Requirements |
| Plan
Documents |
Yes |
Yes |
No |
| HDHP |
No |
No |
Yes |
| Form
5500 |
Yes
(>100) |
Yes
(>100) |
No |
| COBRA |
Yes |
Yes |
No
(HDHP subject to COBRA) |
| HIPAA |
Generally,
No |
Yes |
No
(HDHP subject to HIPAA) |
| Account
Portability |
No |
No |
Yes |
| Claims
Substantiation |
Yes |
Yes |
No |
|
| Contribution |
| Employer |
Yes |
Yes |
Yes |
| Employee |
Yes |
No |
Yes |
| Account
Funding |
Uniform
Coverage |
Optional |
Accrual |
| Contribution
Tax Treatment |
Pre-tax |
Excludable |
Pre-tax
or deductible |
| Qualified
Reimbursement Treatment |
Non-taxable |
Non-taxable |
Non-taxable |
|
| Permitted
Uses |
| Section
213d Medical Expenses |
Yes |
Yes |
Yes |
| Taxable
Income |
No |
No |
Yes |
| Carryovers |
No |
Optional |
Yes |
