HSA or HRA?
With an HSA, traditionally money may be taken from your paycheck before taxes or you can open up an individual HSA account and contribute money on your own. Your employer or a family member can also contribute to your HSA. To qualify for an HSA you must be a member of a very high deductible health plan.

In many cases a PPO that requires that you pay a certain amount of money up front before your plan coverage kicks in. The great news is that your HSA funds can be used to pay for this deductible. You can also use this money into the future

A HRA is an account offered to employees or retirees, where you can use the money to pay for deductible and co-insurance amounts, or covered medical expenses. Just like an HSA, leftover dollars generally can be used from year to year, as long as you continue to be a member of the plan. The money is contributed by your employer and doesn't count as income, saving you valuable tax dollars!

Both with similarity, pros and cons. BIFS has the agents to assist you in making the choice that fits your needs.