A quick guide to today’s 5 most common spending accounts

Even the most seasoned HR or benefits professional can get lost in the alphabet soup that is the world of spending accounts. Between FSAs, HRAs, and HSAs alone there are countless rules and plan options that can escape those who don’t interact with these accounts for a living. Add to that the recent introduction of the LSA (Lifestyle Spending Accounts) and the confusion only grows.

Below is a concise overview of the five account types we’re asked about most often by employers trying to improve the financial wellbeing of their workforce, followed by a brief update on how the One Big Beautiful Bill Act affected Dependent Care FSAs and HSAs.