Remove what-is-health-savings-account-your-hsa-questions-answered
article thumbnail

HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Below, we’ve outlined the key differences of an HSA vs. FSA so you can see how they work, the advantages to each, and why you should participate in them. FSA Ownership: You own your HSA.

article thumbnail

Medicare and HSA Contributions

GoCGO

If you are approaching Medicare eligibility and have a Health Savings Account (HSA), it is important to understand how Medicare enrollment will impact your HSA. This blog answers the following common questions related to Medicare and HSA Contributions: Can I contribute to my HSA if I'm enrolled in Medicare?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your HSA, medical FSA, and dental expense eligibility for each

WEX Inc.

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. We answer a few common dental-related questions as it relates to your HSA or medical FSA. However, medical FSAs do.

article thumbnail

Start your new benefits plan year off right with these 8 tips

WEX Inc.

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you.

article thumbnail

5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. What you can do: Education is key. What you can do: Ease this fear by highlighting the ways to avoid losing funds.

article thumbnail

How does an FSA work for participants?

WEX Inc.

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. What is an FSA? What types of FSAs are there?

article thumbnail

Forbes Advisor Survey Recap: Breaking Down Common Healthcare Misconceptions

Extensis

Quick Look: Health insurance is complex. On the surface, most people claim they’re satisfied with their health insurance, though a recent Forbes Advisor survey reveals many do not fully understand their benefits. The annual open enrollment period is when all qualified employees can enroll in or switch health insurance benefits.

Survey 91