Both HSAs and FSAs allow you to save for medical expenses by using pretax money to pay for qualified medical costs. But while they are similar in some ways, each offers unique features and benefits. Let’s examine some of the most significant differences.
Over the years, health savings accounts have become increasingly popular. Here’s what’s this year’s changes will mean for you.
First, the bad news. According to a recent report from Fidelity Investments, a 65-year-old opposite-gender couple who retires today can expect to spend on average $300,000 on healthcare costs in retirement.