A health savings account (HSA), flexible spending account (FSA), and health reimbursement arrangement (HRA) each help reduce healthcare costs through tax advantages. HSA, FSA, and HRA: How They Compare at a GlanceFor brokers, benefits consultants, and employers, understanding how these accounts compare matters. The HSA Triple Tax AdvantageAn HSA offers one of the strongest tax benefits available through an employer-sponsored health plan. The HRA Employer-Funded ReimbursementAn HRA works differently from both an HSA and an FSA. Choosing the Right Account for Your SituationChoosing among an HSA, FSA, or HRA for healthcare expenses starts with understanding your workforce, not by comparing account features online.