A Flexible Spending Account is an employer-provided benefit that allows users to save pre-tax dollars for use on eligible medical expenses. FSA contribution is committed during benefits enrollment and the entire amount is available to spend at the start of the year. FSA funds are ‘use it or lose it’ but offer the opportunity to roll over funds from one plan year to the next. Generally, funds placed in an FSA account can be used for eligible expenses incurred during a one-year period. Spending deadlines vary from plan to plan and should be confirmed with your benefits provider.

A Health Savings Account is a type of savings account where users can contribute pre-tax dollars. A user must be enrolled in a High Deductible Health Plan to be eligible for an HSA account. Unlike an FSA these funds do not expire and roll over, growing tax-free over time.

A Flexible Spending Account is an employer-provided benefit that allows users to save pre-tax dollars for use on eligible medical expenses. FSA contribution is committed during benefits enrollment and the entire amount is available to spend at the start of the year. FSA funds are ‘use it or lose it’ but offer the opportunity to roll over funds from one plan year to the next. Generally, funds placed in an FSA account can be used for eligible expenses incurred during a one-year period. Spending deadlines vary from plan to plan and should be confirmed with your benefits provider.

A Health Savings Account is a type of savings account where users can contribute pre-tax dollars. A user must be enrolled in a High Deductible Health Plan to be eligible for an HSA account. Unlike an FSA these funds do not expire and roll over, growing tax-free over time.