How do flexible spending accounts for health care expenses work? Q.How do flexible spending accounts for health care expenses work? A.A health care flexible spending account is a tax-advantaged employer-sponsored account used to reimburse employees for qualifying health care expenses. Read more about How do flexible spending accounts for health care expenses work?
How do health savings accounts work? Q.How do health savings accounts work? A.HSAs are tax-exempt savings accounts used in conjunction with a high-deductible health insurance plan to pay for qualifying medical expenses. Read more about How do health savings accounts work?
Which tax provisions subsidize the cost of health care? Q.Which tax provisions subsidize the cost of health care? A.A host of tax preferences for health care cost the federal government roughly $300 billion in income tax revenue in 2022. The largest is the exclusion from taxable income of employer contributions for health insurance premiums. Read more about Which tax provisions subsidize the cost of health care?