HSAs and FSAs: When shopping is the best medicine
One of the easiest ways to stay competitive in the hiring world is offering amazing benefits for your employees. But with the high cost of health care and lack of knowledge of your plan options, you might find this low on your priority list.
If you haven't explored the consumer driven health care (CDH) trend, now is your time. What started as an industry buzz word has become a budget-friendly benefit offering you can't ignore.
Health savings accounts (HSAs) and flexible spending accounts (FSAs) are two elements that make up part of CDH. Both pre-tax benefits function similarly but do have distinct differences on factors like contribution limits, fund availability and rollover limits.
But don't worry – we've broken it all down for you.
PrimePay teamed up with the FSA Store to take you on a shopping trip that can actually save you money. View the infographic below for details on eligibility, deadlines and more.