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QUALIFIED DCAP EXPENSES  Form

QUALIFIED DCAP EXPENSES Form

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- Which one should you sign up for an HSA or an FSA? In this video, we're going to compare and discuss the ins and outs of a Health Savings Account versus a Flexible Spending Account. We'll do that through 10 questions and answers and there will be a bonus tip at the end. Hint right now, if you like paying lower taxes you should probably watch this video. And if you'd like to skip ahead you can click on the timestamp markers below. (upbeat music) Question number one. What is an HSA or FSA? HSA is short for a Health Savings Account, FSA short for Flexible Spending Account. How does this work? You contribute money to an HSA or an FSA. So the money comes from you. And then you can use the funds in an HSA or an FSA to pay for either medical expenses or childcare costs. Now you might be wondering why in the world should I put money in those two accounts, why can't I just pay for medical expenses or childcare costs directly? Which brings us to question number two. Question number two. What a

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