Discover the Difference With an HSA or HRA

A Health Savings Account or Health Reimbursement Arrangement Can Save You Money
Let GuideStone show you how consumer-directed programs like HSAs and HRAs can help put the consumer in the driver’s seat and help employers provide comprehensive benefits at an affordable cost.

Protect and Invest With a Health Savings Account (HSA)
A Health Savings Account (HSA) is a tax-advantaged account that’s available to people whose only health care coverage is provided through a qualified high-deductible health plan like GuideStone’s Health Saver 2600. Since the deductible — or amount you must pay out of pocket before these plans begin to cover benefits — is high, establishing an HSA to self-fund your out-of-pocket care expenses may help you save money. 

• Contributions and earnings are tax-exempt. 
  
• Distributions are also tax-exempt, as long as they are used for eligible medical services. 
  
• Balances may accumulate tax-free interest or investment earnings from year to year when used for qualified medical expenses. 
  
• Dollars are portable — they go where you go even if you leave your current employer.

HSAs give you a greater control over your health care spending. With an HSA, you put your health care dollars into the investment vehicles of your choice. You can also choose how you use your account dollars. You can invest for ready access to your funds or you can invest for future care expenses and potential fund growth.

Provide Your Employees the Benefits of a Health Reimbursement Arrangement (HRA)
Health Reimbursement Arrangements (HRAs) vary from HSAs in that HRAs can only be offered by an employer to employees. HRAs can help Christian organizations save money while providing first-dollar benefits for ministers and staff.

• HRAs allow employers to fund certain out-of-pocket expenses, like high deductibles, for their employees.
  
• Employers can save money on health plan costs by using an HRA along with a high deductible health plan.
  
• GuideStone makes an HRA available through Employee Benefits Corporation (EBC) to employers participating in a GuideStone PPO medical plan.

For more information on how an HRA can save you or your organization money, email us or call GuideStone at 1-888-98-GUIDE (1-888-984-8433) and ask to speak to an Insurance Solutions and Services Representative.