Q: My employer offers me either a Health Savings Account (HSA) or a Flexible Spending Account (FSA) option. Which one should I choose, if either?

A: I highly recommend you speak with your employer benefits team to understand the specifics of what your plan offers. Here’s some help to get you started.

With family health insurance premiums rising 297% since 2000, averaging over $25,000 annually, some employees feel the squeeze. Deductibles, too, have jumped nearly 50% over the last decade, further increasing out-of-pocket expenses.

In this environment, understanding and using Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) can help families take more control of their health care finances.1

What Are HSAs and FSAs?

HSAs and FSAs are special accounts designed to help m

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