HSA vs FSA - What are Health Savings Accounts and Flexible Spending Accounts?
How to understand and evaluate the benefits of HSAs and FSAs that may be offered through your employer
Many people are given the option to use a Health Savings Account (HSA) and/or a Flexible Spending Account (FSA). But, how do you evaluate whether you should use one or both of these accounts? We've complied a list questions, with answers, to help you discern the best move for you and your family.
What is an HSA?
What is an FSA?
What are the key differences between HSA and FSA accounts?
What is a qualified expense?
Should I always pay qualified expenses from my account?
How do I access the money?
What are the tax benefits of an HSA or FSA?
What happens if I leave my employer or pass away?
Who can help me make this decision?