FSA, HSA & Other Healthcare Payment Options

Many employers are now offering high-deductible health plans (HDHPs) that can be paired with a flexible spending account (FSA) or health savings account (HSA). These healthcare payment options are becoming increasingly popular to help consumers manage the rising cost of healthcare. Both accounts allow consumers to set aside money for qualifying medical expenses such as deductibles, copays, and coinsurance; medical expenses not covered by insurance; and over-the-counter medications if your doctor has prescribed them.

However, there are several key factors for each type of account that can impact how you manage your healthcare costs.

Flexible Spending Accounts (FSAs)

Health Savings Accounts (HSAs)

The CareCredit healthcare credit card can help fill the gap between these accounts and the rest of your budget. CareCredit can be used to pay for deductibles, copays and out-of-pocket costs not covered by insurance. When you have medical expenses that exceed the money you’ve set aside in your FSA or HSA, you can use your CareCredit credit card to help pay for the outstanding balance.‡

When you receive a bill after you leave your doctor’s office, you can pay online with your CareCredit credit card through CareCredit’s Pay My Provider. With this secure online healthcare payment solution, you can choose a special financing option‡ on purchases of $200 or more and pay over time with convenient monthly payments using your CareCredit credit card. When used along with your FSA or HSA funds, CareCredit can help you fit healthcare expenses into your budget.

‡ Subject to credit approval. Minimum monthly payments required. See for details.

This content is subject to change without notice and offered for informational use only. You are urged to consult with your individual business, financial, legal, tax and/or other advisors [and/or medical providers] with respect to any information presented. CareCredit, Synchrony and any of its affiliates (collectively, “Synchrony”) make no representations or warranties regarding this content and accept no liability for any loss or harm arising from the use of the information provided. Your receipt of this material constitutes your acceptance of these terms and conditions.


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