HDHP / HSA / FSA

Saving for healthcare is an important part of your personal financial plan. Tax-advantaged accounts like an HSA or FSA are important tools to lower your taxable income while setting money aside for care. However, a lot of people aren’t sure when to use an HSA vs. an FSA or how their Paytient card works with these accounts to put you in a better position to afford current and future healthcare costs.

Too many smart, capable, and downright gifted people feel completely overwhelmed by the annual arrival of open enrollment. Choosing a health insurance plan can feel as intimidating as a trip to the dentist—especially if you don’t know where to start. And here’s the thing: most people don’t know the first thing about health insurance. That’s where we come in.

Many employers offer Health Savings Accounts (HSAs) alongside compatible high-deductible health plans. Ideally, employees would use this account to take full advantage of the HSA as a triple-tax-advantaged retirement savings vehicle.

Lively offers a fresh take on Health Savings Accounts.

Recently our team spent some time in Marshall, Missouri, with our friends at Fitzgibbon Hospital, one of Paytient’s earliest clients. Being there, we saw first hand how our mission is alive and well, helping folks access and afford the care they need to live healthier lives.

Providing employee healthcare benefits comes with a lot of responsibility—and acronyms, for that matter. In the final installment of this 3-part series, we'll compare the features of a health reimbursement arrangement (HRA) to those offered by Paytient, then discuss how they each help employers present their people with more flexible healthcare payment opportunities.