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While choosing your level of health care and setting up your benefits, you may notice that your employer offers enrollment in an FSA or HSA. Colleen McCreary, chief people officer and financial ...
The FSA is an employer-sponsored account that allows employees to set aside up to $2,850 in pretax money. When the money is used for eligible expenses, the expense will be tax-free.
Employers often offer HSAs and FSAs with health insurance. Consider their advantages
The most common type of flexible spending account, the medical expense FSA (also medical FSA or health FSA), is similar to a health savings account (HSA) or a health reimbursement account (HRA). However, while HSAs and HRAs are almost exclusively used as components of a consumer-driven health care plan, medical FSAs are commonly offered with ...
Discover the key differences between a health savings account (HSA) and a flexible spending account (FSA) to find the best way to save on healthcare expenses.
If you zoned out during the health insurance portion of your job onboarding, here’s a refresher: An FSA (flexible spending account) is different from an HSA (health savings account), and, in ...
With a new year comes a refreshed flexible spending account for out-of-pocket medical costs. While you may not have obvious medical expenses to spend your FSA money on, there are plenty of approved...
If you have a flexible spending account, or FSA, to help with healthcare costs, you may have funds in your account set to expire Dec. 31, 2022. See: 6 Mistakes To Avoid With Your FSAFind: 5 ...