Confused about the difference between an HSA and an FSA? Here’s the quick version:
An HSA gives you triple tax benefits of tax-deductible contributions, tax-free growth, and tax-free withdrawals for medical expenses. Plus, it rolls over every year, making it a powerful long-term tool if you’re on a high-deductible health plan.
An FSA also saves you on taxes, but it doesn’t roll over. It’s typically offered if you’re not on a high-deductible plan and works best when you know your yearly medical costs.
Both can save you money—just in different ways. Have questions? Reach out to us to schedule a complimentary Q&A with one of our team members.
