More from The Penny Hoarder: The 5 Top Apps for Saving Money in 2024 HSA and FSA accounts are both tax-advantaged accounts that let you stash your own money away for future health care costs.

But while an HSA and FSA sound similar ... You can put away pre-tax money not just for healthcare but also for dependent care. You'll get immediate access to the funds you elect to contribute ...

For years, health savings accounts (HSAs) and flexible spending accounts (FSAs) have been championed as tools to help employees reduce out-of-pocket health care costs. It seems like common sense ...

That's why the IRS allows you to use your pre-tax dollars in your health savings account (HSA) or flexible spending account (FSA) towards health-forward items, such as a smart ring or bedding.

Decide whether to contribute to a health care FSA or a health savings account. There is no deadline for using the money in the HSA, but you must have a high-deductible health insurance policy to ...

Budgeting for health care is a combination of gambling and fortune telling, writes Tove Danovich. I may as well have consulted a tarot card deck.

Spouse tip: If you have a spouse who is participating in (i.e., receiving contributions to) an HSA, your enrollment in a health care FSA will negatively impact their HSA eligibility. The IRS has rules ...

Like a health flexible spending account (FSA), a ... may even want to consider paying for health care expenses with other savings and letting your HSA grow tax-deferred (and potentially tax ...

Consumers have options in addition to a health insurance plan to help pay for qualified medical expenses. Flexible spending accounts and health savings accounts are two vehicles for saving that ...

Health Savings Accounts (HSAs ... Fitness trackers aren't eligible for reimbursement with a dependent care FSA (DCFSA) or a limited-purpose FSA (LPFSA). An LMN is written by a licensed healthcare ...

Unlike a Flexible Spending Account (FSA), you own your HSA account ... an HSA-eligible health plan generally has a much lower monthly premium than a traditional health care plan. Second, an HSA offers ...

The growth in popularity of Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) has grabbed the attention of three of the biggest delivery service apps — DoorDash, Instacart and ...