By Entrepreneur Staff
When researching the best healthcare plan for you, thoroughly exploring your options is vital. Throughout your search, you may come across HSAs and FSAs. For more information on what they are, their pros and cons and the key differences between the two, check out the information below.
What Is an HSA?
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 making periodic contributions; however, only people with a High Deductible Health Plan (HDHP) are allowed to contribute to an HSA. An HDHP covers only preventative services before the deductible….