Boosting HSA & FSA impact: How employers can lower health care costs – BenefitsPro

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By providing proactive benefits support, employers empower their teams to make confident health and financial choices that actually reduce the cost of care — building a culture of trust, security, and resilience that lasts.

An HSA card

For years, health savings accounts (HSAs) and flexible spending accounts (FSAs) have been championed as tools to help employees reduce out-of-pocket health care costs. It seems like common sense: money is being set aside on a pre-tax basis to cover future health care expenses. But a recent study published on the JAMA Health Forum website pokes holes in that theory.
Researchers at New York University found that HSAs could increase out-of-pocket spending by over $500 per family each year, while FSAs may drive costs even higher—raising out-of-pocket expenses by $500 per family and adding over $1,500 annually to a health plan’s expenses.
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