HSA or Health Savings Account is a tax-advantaged savings account that you can use to pay qualified medical expenses. HSAs are owned and financed by the employee, and employers can also contribute to it.
FSA
FSA or Flexible Spending Account, just like HSA is an arrangement through your employer that lets you pay for qualified medical expenses. It is type of savings account that provides the account holder with specific tax advantages. Distribution for FSA can be utilized for qualified dental and medical expenses.