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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.
LPFSA vs. Health Savings Account (HSA) A health savings account (HSA) is a savings account where you can put pretax dollars for the sole purpose of using that money on eligible healthcare expenses.
HSA vs. flexible spending account (FSA) HSAs and FSAs have similarities and differences. Here is a comparison of the two to help you decide which option is more suited to your needs and goals.
A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). [ 1 ] [ 2 ] The funds contributed to an account are not subject to federal income tax at the time of deposit. [ 3 ]
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 ...
During open enrollment this fall, you'll have lots of important decisions to make, including the best health insurance plan to select, whether to enroll in group life or disability insurance and ...