We’re excited to introduce the newest addition to our Personal Finance Curriculum Library: Paying for Healthcare – Using FSA, HSA, and HRA!
Healthcare costs are one of the most common sources of financial stress, yet the tools available to manage those costs are often confusing and overlooked. This lesson helps students make sense of three of the most common programs they may encounter through an employer.
In this lesson, we cover Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Health Reimbursement Arrangements (HRA), along with how each one works, how they are funded, and how they can be used. Students learn the key differences between these options and how each can help reduce the overall cost of healthcare.
What makes this lesson especially valuable is the focus on real-world decisions. Students explore questions like what happens to unused funds, what carries over from year to year, and how these accounts fit into broader financial planning. These are details that can have a real impact on someone’s finances, but are rarely taught early on.
The lesson wraps up with a short pop quiz to reinforce key concepts and check for understanding.
We hope this lesson helps your students feel more confident navigating healthcare costs and workplace benefits.
Happy Learning!
– The PersonalFinanceLab Team