Tag: HSA

Do you know the ABCs of HSAs, FSAs and HRAs?

June 28, 2018 Tax Department Tax Bites ACA, FSA, health care, health care costs, healthcare, HRA, HSA

There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs. Here’s how to make sense of this alphabet soup of health care accounts. HSAs If you’re covered by[ … ]

Finding the right tax-advantaged account to fund your health care expenses

June 21, 2016 June 20, 2016 Tax Department Healthcare flexible spending account, FSA, health care costs, health savings account, Healthcare Reimbursement Account, HRA, HSA, medical expenses, tax-advantaged account

With health care costs continuing to climb, tax-friendly ways to pay for these expenses are more attractive than ever. Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Accounts (HRAs) all provide opportunities for tax-advantaged funding of health care expenses. But what’s the difference between these three accounts? Here’s an overview: HSA. If[ … ]