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In Options 1 and 2, why can’t employees elect a Health Savings Account (HSA), rather than an FSA?

April 26, 2017employees FSA Health HSA Options savings account

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In Options 1 and 2, why can’t employees elect a Health Savings Account (HSA), rather than an FSA?

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A. IRS rules only permit enrollment in an HSA within an IRS qualified high-deductible health plan. Option 3 is the only option that is an IRS-qualified high deductible health plan. Read more about HRA vs HSA Savings Accounts.