What Kinds of Health Care Savings Account Options Are Provided by U.S. Bank?


Quick Answer

Health care savings account options provided by U.S. Bank include health savings, flexible spending and health reimbursement arrangements, according to U.S. Bank's Healthcare Payment Solutions website. These accounts help employers and individuals save and pay for health care.

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Full Answer

Health savings accounts help those covered under a high deductible health plan pay for qualified medical expenses until they meet their deductible, explains U.S. Bank. Flexible spending accounts are employer-based and help employees pay for eligible out-of-pocket health and dependent care expenses using pre-tax dollars. Health reimbursement arrangements are employer-sponsored and reimburse a portion of an employee?s family member out-of-pocket medical expenses.

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