HSA, FSA, and HRA Setup and Reporting

This document explains the general set up in CYMA for certain employer sponsored, health related benefits (HSA/FSA/HRA) to comply with Federal reporting requirements.  Reporting to individual states may vary from the Federal requirements; contact the Department of Revenue in your specific state to determine the reporting requirements.  To determine if you company offers an HSA, FSA, etc. please contact the provider of the benefits.  This document is intended to provide information only and may not apply to your specific situation.  If you are unsure of any reporting requirements, contact the IRS directly.


HSA - Also known as a Health Savings Account, is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee to pay or reimburse certain medical expense you incur.  Amounts in these accounts at the end of the year are rolled over into the next year.

As it applies to CYMA


FSA - Also known as health Flexible Spending Accounts, allows employees to be reimbursed for medical expenses. Amounts in these accounts at the end of the year are forfeited and not rolled over into the next year.

As it applies to CYMA


HRA - Also known as Health Reimbursement Arrangements, allows employees to be reimbursed for medical expenses. Employees cannot contribute to these plans, only the employer. Amounts in these accounts at the end of the year are rolled over into the next year.

As it applies to CYMA

NOTE:  Box 14 is not used for Federal reporting purposes.  Some states do require information to be placed in Box 14.  We do not support the ability to report values in Box 12 and Box 14 for the same feature.

For more information see IRS Publication 969 - http://www.irs.gov/pub/irs-pdf/p969.pdf