Both FSA (Flexible Spending Account) and HSA (Health Savings Account) are pre-tax savings accounts, set up exclusively for (qualifying) medical/health expenses. These are often offered as an employee benefit, allowing the individual to set aside part of their paycheck (before taxation) for forthcoming health expenditures in order to make healthcare a little more affordable.

Have you set up one of these accounts through your employer? If this is something offered to you as part of your benefits package, your employer and/or HR department will have details on how to get started. 

These accounts can only be used for “qualifying medical expenses” — a list that is published every year by the IRS. This is also where Flex comes in: Flex helps you connect with health and wellness companies — from breastfeeding support to sleep coaching —where you can get the most out of your HSA/FSA dollars, directly with your HSA/FSA card (No reimbursements, ever).