Personal Spending Account (PSA) is an arrangement where the insurer administers an account with a sum of money provided by the employer, which the employee can spend on specified goods or services. Whereas health care spending accounts (HSAs) often restrict eligible expenses to those that qualify for the Canada Revenue Agency medical expense tax credit, personal spending accounts may come with fewer or different restrictions. These accounts may be offered to employees in addition to traditional benefit plans as a means of adding an additional degree of individual choice and customization to a standard benefits bundle.