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tax-favored health plansHealth Savings or Flexible Spending Account?

HSA, FSA – the list of acronyms for employee health benefits in the US can be confusing. Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) are two types of tax-favored health plans that employers can offer as part of their health benefits, but they are not stand-alone plans. The type of account you have …

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A piggy bank with HSA initials on itWhat is an HSA and What You Should Know About It

HSAs, also known as a Health Savings Account, are a benefit that employers can offer to employees to help with employee health care costs. They offer flexibility to employees while containing costs for employers. This is an interesting option when considering employee incentives, particularly health insurance. What is an HSA? An HSA is a benefit …

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