Haley Modlin

Nov 4, 2024 | financialsymmetry.com | Haley Modlin |Grace Kvantas |Allison Berger |Angela Keeley-White

What is the difference between an HSA and an FSA? Both the health savings account (HSA) and the healthcare flexible spending arrangement (FSA) are account types that help lower your taxes and help you save for healthcare expenses. You may qualify for one or the other in any given tax year based on the type of health insurance coverage you have, as well as the benefits your employer offers. These accounts have many similarities, though they also have differences that you don’t want to mix up.