Q: I am 63 and retired from federal government. I am in an HDHP insurance plan with HealthAmerica. Should I be in HSA or HRA? Does the government contribute to the HSA or HRA?
A: It’s up to your High Deductible Health Plan (HDHP) to determine whether you should be in a Health Savings Account (HSA) or a Health Reimbursement Account (HRA). I suggest you go to www.opm.gov/insure/health/hsa/index.asp and read OPM’s pamphlet on the subject. It should help to reduce your confusion.