Final answer:
Flexible Spending Accounts (FSAs) allow employees to pay for specified healthcare costs not covered by an employer's insurance plan. They differ from HRAs, which are employer-funded, and HSAs, which are individually owned and require enrollment in an HDHP.
Step-by-step explanation:
The type of accounts that allow employees to pay for specified healthcare costs not covered by an employer's insurance plan is Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs), and Health Savings Accounts (HSAs). However, the correct answer to the question, as it is looking for a specific type of account, is a. Flexible Spending account. FSAs are employer-established benefit plans that allow employees to set aside pre-tax money to pay for eligible health care expenses. On the other hand, HRAs are employer-funded group health plans from which employees are reimbursed tax-free for qualified medical expenses up to a fixed dollar amount per year. HSAs are tax-advantaged medical savings accounts available to taxpayers who are enrolled in a high-deductible health plan (HDHP). Unlike HRAs, HSAs are owned by the individual.