How does the HSA differ from the Health Care Fund flexible spending account?
Both the HSA and the Health Care Fund 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 Health Care Fund money left unspent at the end of the year is forfeited. You may choose to use a limited FSA to pay for eligible vision or dental expenses and save your HSA dollars for future health care needs.
Related Questions
- Im on the HDHP and participate in the Health Savings Account (HSA). Can I also participate in the Health Care Flexible Spending Account (FSA) through WageWorks?
- How does the HSA differ from the Health Care Fund flexible spending account?
- How does an HRA differ from a health care flexible spending account (FSA)?
