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?”
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Health Savings Acount
The time has come to talk about Health Savings Accounts (HSA). A HSA is one of the most unique and also beneficial piece of the health insurance process, but not a lot of people truly understand it and how it works. Let’s break it down one piece at a time. What is it? Your HSAContinue reading “Health Savings Acount”