Many people have health savings accounts that they primarily use to pay for medical expenses. Sometimes, however, people want or need to use funds in these accounts for non-medical expenses. If you’re considering using money in a health savings account for non-medical expenses, here’s a look at...
A health reimbursement account (HRA) and a health savings account (HSA) are both financial accounts dedicated for medical expenses. They each offer employees in Massachusetts and other states tax benefits and encourage employees to be aware of their medical expenses, but these two types of...