If you’re spending a lot on medical bills, you’re not alone. Healthcare costs are projected to rise about 4.5% each year, and while some employers foot the bill for health insurance, those steady increases will likely result in higher premiums, copays, and out-of-pocket costs. You chose your FSA or HSA because you saw value in...
Flexible spending accounts (FSA) and health savings accounts (HSA) are creatures of the federal tax code, which is notoriously complicated. To try to make things easier, we in the benefits industry sometimes use shorthand, but sometimes these only complicate things further, especially to those unfamiliar with benefits suchs as FSAs and HSAs. Especially confusing are…