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The Finance Gourmet

Personal Financial Advice from a former Certified Financial Planner

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What Is The Difference Between FSA and HSA?

April 28, 2021February 26, 2021 by Finance Gourmet

There is a lot of confusion around the difference between an HSA and a FSA. HSA stands for Health Savings Account. FSA stands for Flexible Spending Account, or sometimes, Flexible Spending Arrangement. Both types of medical savings accounts are tax-advantaged ways to save and pay for various medical expenses, but …

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Categories Personal Finance Tags employee benefits, flex account, flexible spending account, fsa, health insurance, health savings account, hsa, Insurance, medical deduction, medical expenses, Tax Deductions, Tax Tips, Taxes

Which Is Better HSA or FSA?

May 11, 2016 by Finance Gourmet

Which is better a flexible spending account or a health savings account? The answer to which is better between a health savings account or flexible spending account depends, unfortunately, on the specifics in which they are setup. However, it is relatively simple to determine which is better an FSA or …

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Categories Insurance Tags Deductions, Federal Income Taxes, flexible spending account, fsa, health insurance, health savings account, hsa, income tax, income taxes, Insurance, pre-tax

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