With the Affordable Care Act coming fully on-line in 2014, now would be a good time to review the four types of tax-advantaged accounts that can be used to pay for unreimbursed medical expenses. The Congressional Research Service has published a report that summarizes the key components of Health Care Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs), Health Savings Accounts (HSAs), and Archer Medical Savings Accounts (MSAs), including how they are affected by the Affordable Care Act. Read more on FAS.org
Tax Advantaged Accounts for Health Care Expenses
About the Author: Yulia Petrovskaya
Yulia is a Manager at Bregante + Company LLP providing tax and audit services to a diverse client base composed of closely held companies, high net worth individuals, and non-profit organizations.