Frequently-asked questions by tag
What is the difference between an FSA and an HSA?
March 27, 2026 – Flexible spending accounts and health savings accounts are both tax-advantaged accounts that allow people to save money to pay for…
How does a health savings account (HSA) work?
March 17, 2026 – A health savings account is a tax-advantaged savings account combined with a high-deductible health insurance policy to provide an…
Under the ACA, can I still have an individual HDHP and an HSA?
March 17, 2026 – HSA-qualified high deductible plans fit easily within the guidelines established by the ACA. And they have remained a very popular choice…
If one family member needs care, do they have to meet the family deductible?
February 12, 2026 – Ever since 2016, no. And even before that, the answer was usually no. Prior to 2016, family plans could have aggregate deductibles and…
Can I buy health insurance through the exchange that’s compatible with an HSA?
January 7, 2026 – If you enroll in a high-deductible health plan (HDHP), you’ll be eligible to fund an health savings account. HSAs let you contribute…
Can I use my HSA to pay for COVID-19 testing and treatment?
September 18, 2025 – You can use your HSA to pay for COVID testing and treatment costs that you pay out-of-pocket. Your HDHP will cover testing and vaccination…
Can I use my HSA to purchase over-the-counter medications?
August 26, 2025 – The Coronavirus Aid, Relief, and Economic Security (CARES) Act changed ACA regulations, allowing consumers to purchase of over-the-counter…