Obamacare: A Look at Health Care Savings Plans

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  • Making Sense of Alphabet Soup
  • HSA
  • HRA
  • FSA
  • HDHP

FSA

Flexible Spending Account. An employee sets aside pre-tax dollars in an employer-sponsored account to pay for health care expenses. The key feature of a FSA is "use it or lose it." An employee must use all money in his or her account during the coverage period (typically a full year) or forfeit any leftover money. FSAs also exist for mass transit costs and child care expenses. (Photo: Joe Raedle/Getty Images)

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