Originally Posted by
grahamlax
Do most people wait until that salary threshold when the company spillage starts to open and/or contribute to an HRA? Or do they contribute to the HRA early in their careers even while they're not getting any company money added in? All i've been doing so far is maxing out my 401k early and doing a "backdoor roth conversion" (thanks to whichever CA told me about that!)
I think you are muddling acronyms.
HRA=Health Reimbursement Account, formerly HSA "Health Savings Account" is used only with a High Deductible High Premium Health Plan to pay current medical expenses. You contribute pre-tax dollars and the company contributes $1500 in "seed money" annually. It's different from the HCFSA - "Flex Spending" Account in what it can be used for and that the HCFSA monies must be used on an annual basis i.e "use or lose" whereas the HRA is NOT, it accumulates year over year.
RHA=Retiree Health Account, UA's name for the VEBA in section 403 as discussed above. This is where your $1 per flight hour, any and all retirement contributions over the IRS limit and forfeited vacation goes.
Cheers