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It’s open enrollment season: time for HR professionals to help employees evaluate and make important decisions about their health and financial benefits. Among those choices are flexible spending accounts (FSAs) and health savings accounts (HSAs), popular options that can play a central role in protecting the health and financial futures of employees. To make it easier for HR teams to respond to employee questions, and to ensure employee and company compliance, here’s an open enrollment primer on FSA and HSA basics.
One of the most common reasons for not enrolling in an HSA