What's the difference between an FSA and an HSA?

What's the difference between an FSA and an HSA?

(NewsNation) — Who doesn't want to save money? Especially when you're paying for something you don't want to — like medical or dental expenses. That's where flexible spending accounts and health savings accounts come into play. FSAs and HSAs are both tax-free savings plans that help decrease the amount you pay out-of-pocket for some health care costs. What is an FSA? An FSA, or a flexible spending account, is an employer-sponsored financial acco…

What’s the difference between an FSA and an HSA?

(NewsNation) — Who doesn't want to save money? Especially when you're paying for something you don't want to — like medical or dental expenses. That's where flexible spending accounts and health savings accounts come into play. FSAs and HSAs are both tax-free savings plans that help decrease the amount you pay out-of-pocket for some health care costs. What is an FSA? An FSA, or a flexible spending account, is an employer-sponsored financial acco…