(NewsNation) — We all have to visit the doctor at some point, so why not make the most of the money you’re required to spend?

You might consider opening a savings account specifically for health expenses. Two options are HSAs and FSAs, which have tax benefits.

Health savings accounts and flexible spending accounts are tax-free savings plans that help decrease the amount you pay out-of-pocket for some health care costs, such as doctor visit copays, deductibles and some prescription drugs.

What are the tax advantages of an HSA?

• Tax-free contributions: You can contribute pre-tax dollars via payroll deductions.
• Tax-free growth: Earnings from interest or investments are not taxed.
• Tax-free withdrawals: The money you take out is tax-free as long as it’s used for qualified medical expenses.

Contributions are made with pre-tax dollars. HSAs have an investment option, so earnings grow tax-free if you invest.

HSAs are an option for those with health insurance plans through a workplace or the government Marketplace.

What are the tax advantages of an FSA?

Contributions are made with pre-tax dollars. Income taxes are not deducted from what you contribute, similar to an HSA.

FSAs differ in that they are offered only to those with employer-sponsored health insurance plans, and the money must be used in the plan year. In other words, use the money or lose it.