Know the difference between Health Savings Account (HSA) and Financial Spending Account (FSA)

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) have been a welcome introduction to the healthcare landscape over the last decade. Consumers love the ability to save money by investing in these plans and thereby avoiding taxes on the amounts they contribute, but do you know the differences between each type of plan, and the details of how each one works? You are, for the most part, not able to contribute to an HSA and an FSA in the same year and your employer will likely only offer one of these options to you, so even if you prefer […]

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