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A flexible spending account (FSA), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States.
Health Savings Account (HSA) - the savings account that is available if you have a High Deductible Health Plan (HDHP) What is an HSA? An HSA is a health savings account that is tax-exempt for contributions, earnings and withdrawals for qualified medical expenses.n FSA is a flexible spending account, which is authorized by the IRS and available through your employer.