What Are Health Spending Accounts?

Health savings accounts, health reimbursement accounts and flexible spending accounts are programs with tax benefits that you can use to save on health care costs. Some you can set up yourself if you have the right self-purchased health plan, and others are provided by your employer.

Do you have questions about your HSA, HRA, or FSA? Are you trying to find out which option is right for you?

Blue Cross Blue Shield of Michigan can help. Read the health spending accounts page on our website, and if you're a member, log in to our member portal or check the Blue Cross mobile app for more information.

Employers who need help deciding which options are best for their business and employees should view our employer health spending accounts page or contact an agent.

A health savings account, or HSA, is an account you use to pay for qualified medical, pharmacy, dental and vision expenses and save on taxes. You must be covered by a high-deductible health plan to open an HSA.

A health savings account, or HSA, is an account you use to pay for qualified medical, pharmacy, dental and vision expenses and save on taxes. You must be covered by a high-deductible health plan to open an HSA.

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