Saving vs. Spending: The Difference Between HSAs and FSAs

The Difference Between HSAs and FSAs

When it comes to managing the health and well-being of employees, employers must understand what’s best for both their organization and individuals. That includes being aware of how Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) can play a role in helping staff save money—which could result in improved financial security among company members. While there are similarities between HSAs and FSAs, it’s important to understand the distinctions before implementing such an offering into your benefits package.

BRI’s Vice President of Strategy, Becky Seefeldt, explains the differences between HSAs and FSAs and what’s critical when it comes to HR and employer decisions.

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