HSA, FSA, HRA: What’s the difference? – KARE11.com

These three health care accounts have some similarities - and some very important differences.

There are a lot of acronyms when it comes to saving for your health care expenses. HSA, FSA, HRA. Which one should you choose?

Jonathon Hess of Athos Health, our Health Care Hacker, breaks down some of the differences.

HSA - Health Savings Account

FSA - Flexible Spending Account

HRA - Health Reimbursement Account

So, which one should you choose?

If you have the choice, Hess thinks you should alwayschoose the Health Savings Account (HSA). Some of the key reasons? It's your money, it rolls over so you never lose it, and it doubles as a retirement account.

If you have a question about your health care expenses, send it to us athealthcarehacks@kare11.com. We'll try to address it in the future episode.

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HSA, FSA, HRA: What's the difference? - KARE11.com

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