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Tag: HSA
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Rules for FSA & HSA Accounts | Pennsylvania Employee Benefits
Overview According to the Internal Revenue Service (IRS), no permission or authorization to set up either an FSA or HSA account is required. Both accounts are intended to help provide you with financial assistance regarding medical care costs. An FSA (flexible spending account) is set up by your employer. An HSA (health savings account) is…
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HRA or HSA – which is better for you? | Benefits Specialist PA
Abridged from www.aetna.com The answer, of course, depends on your needs. But before you can choose, you need to understand the similarities and differences between both types of consumer-directed plans. Encouraging health care consumerism Let’s start with the similarities. The philosophies behind the Health Reimbursement Arrangement (HRA) and the Health Savings Account (HSA) are the…
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