Under some health plansA term that has different meanings depending upon the context. "Health plan" can be used to mean an HMO, a health benefits plan provided by an employer to its employees, or a health benefits plan offered to employers by an insurer or third party administrator. , Blue Cross Blue Shield of Massachusetts offers financial accounts to help you manage your Out-of-PocketCopayments, deductibles, or fees paid members for health services or prescriptions. medical costs.
There are different types of accounts and each has different rules and benefits. If you don't know what type of account your health plan features or how it works, check with your employer.
Health Savings Account (HSA)
An HSA is owned by you, and can help you save for current and future medical costs.
Health Reimbursement Arrangement (HRA)
An HRA can help offset your out-of-pocket costs for medical care during the year.
Flexible Spending Account (FSA)
FSAs allow you to set aside pre-tax savings for things like medical expenses and dependent care expenses, depending on what options your employer selects.