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  2. Flexible spending account - Wikipedia

    en.wikipedia.org/wiki/Flexible_spending_account

    Another FSA feature that was introduced in 2003, is the ability to pay for over-the-counter (OTC) drugs and medical items. [22] In addition to substantially expanding the range of "FSA-eligible" purchases, adding OTC items made it easier to "spend down" medical FSAs at year-end to avoid the "use it or lose it" rule.

  3. FSA Eligibility List - Wikipedia

    en.wikipedia.org/wiki/FSA_Eligibility_List

    The FSA Eligibility List is a list of tens of thousands of medical items that have been determined to be qualified expenses for flexible spending accounts in the United States. The U.S. Internal Revenue Service outlines eligible product categories in its published guidelines. [1] These guidelines are interpreted by the Special Interest Group ...

  4. Health savings account - Wikipedia

    en.wikipedia.org/wiki/Health_savings_account

    A health savings account ( HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). [ 1][ 2] The funds contributed to an account are not subject to federal income tax at the time of deposit. [ 3] Unlike a flexible spending account (FSA), HSA funds roll ...

  5. Know if You’re Purchasing FSA and HSA Eligible Items ... - AOL

    www.aol.com/finance/know-purchasing-fsa-hsa...

    Health insurance isn’t the only way to pay for medical expenses. Some employers offer flexible spending accounts and health savings accounts that allow you to put money aside for health care costs.

  6. HSA vs FSA: Which Health Care Account is Best for You? - AOL

    www.aol.com/finance/hsa-vs-fsa-health-care...

    Eligible medical expenses can include deductibles, copayments, coinsurance, prescriptions and many over-the-counter medications. You also won’t pay tax when you spend the money in your account ...

  7. What is a health savings account? - AOL

    www.aol.com/finance/health-savings-account...

    January 21, 2024 at 12:02 AM. A health savings account, or HSA, is a tax-advantaged savings account for paying medical expenses that is available to consumers with high-deductible health insurance ...

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