Guide to HSA, FSA, and HRA

We decode the acronyms you need to know in order to understand all the payment methods offered by employers.

What do these acronyms mean, and why do you need to know them? These are all different types of payment methods offered by employers and payers, in an effort to curb the cost of spending on health care. These accounts usually compliment insurance plans with high deductibles, where the client would have to pay a considerable amount out of pocket.