Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How do HSAs differ from health care flexible spending accounts (FSAs)?

0
Posted

How do HSAs differ from health care flexible spending accounts (FSAs)?

0

• Both HSAs and FSAs allow you to pay for qualified medical expenses with pre-tax dollars. One key difference, however, is that HSA balances can roll over from year to year, while FSA money left unspent at the end of the year or after a designated grace period is forfeited. You may choose to use a Limited Purpose FSA to pay for eligible heath care expenses (such as vision or dental) and save your HSA dollars for future health care needs.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.