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HSA and FSA Accounts – What’s the Difference?

by dojodigital | Jun 18, 2019 | General News, health insurance, Human Resources

What’s the difference between HSA and FSA, and which one is right for you? Explained by the IRS, a health savings account (HSA) is a tax-exempt trust or custodial account used to “pay or reimburse certain medical expenses you incur; you must be an eligible...

HSA and FSA Accounts – What’s the Difference?

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In June 2021, Governor Mills signed the Act to Promote Individual Retirement Savings. The act requires that covered employers automatically enroll covered employees into a newly formed Maine Retirement Savings Program.

Implementation has been delayed and we will continue to monitor developments. In the meantime, additional information can be found clicking the button below and questions can be sent to info@mainsaves.org.