Definition
A tax-advantaged savings account paired with a high-deductible health plan; the money belongs to the employee.
HSA explained
Because the account stays with the employee, HSAs move easily between employers and PEOs, unlike FSAs.
Benefits
Also called Health savings account
Definition
A tax-advantaged savings account paired with a high-deductible health plan; the money belongs to the employee.
Because the account stays with the employee, HSAs move easily between employers and PEOs, unlike FSAs.