flexible savings account – Sapper Insurance

HRA? HSA? FSA? What’s the Difference?

So what’s the difference between all these acronyms for health benefit accounts? Here’s the quick version. A HSA (Health Savings Account) is a tax-advantaged savings account that can be used to pay for qualifying medical expenses. Contributions to an HSA are tax-deductible and withdrawals for qualifying expenses are tax-free. HSAs are typically paired with aContinue reading “HRA? HSA? FSA? What’s the Difference?”