Many people set aside money for health expenses through FSAs and HSAs. But confusion about how these accounts work is common— and it can cost you. If you've ever rushed to spend your FSA dollars ...

SHORT ANSWER: An HSA and FSA help you save for qualified medical expenses. An HSA has higher contribution limits and allows you to carry funds over to new plan years, while an FSA does not. During ...

A Health Savings Account (HSA) is a type of personal savings account that allows users to save pre-taxed money to pay for medical expenses that qualify in their plan. Users save money in their plan by ...

Health savings accounts (HSAs) and flexible spending accounts (FSAs) both offer valuable tax-savings opportunities when you use them to pay for eligible health care expenses, but there are important ...

Martha C. White is a contributor to Buy Side from WSJ and a finance expert, specializing in banking, loans and credit cards. Paying for healthcare is expensive, even with insurance. In fact, the ...

In the United States, the cost of healthcare can be a significant financial burden. With medical expenses often being unpredictable, having a dedicated savings plan is essential. Two popular options ...

Contributing to a medical savings account, such as an FSA (flexible spending account) can lower your taxable income. Your contributions to FSAs and health savings accounts (HSAs) accounts are tax-free ...

You must be enrolled in a high-deductible health plan to be eligible for an HSA. Funds in an FSA must be used up within the plan year or the grace period. HSAs can act as secondary retirement accounts ...

Jessica was a writer on the Wellness team, with a focus on health technology, eye care, nutrition and finding new approaches to chronic health problems. Expertise Public health, new wellness ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Health savings accounts (HSAs) and flexible spending ...