HSA vs FSA: Differences, Limits & Which to Choose
HSA vs FSA: Differences, Limits & Which to Choose
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What's the difference between an HSA and an FSA? 🤔 HSA stands for health savings account, and this is a triple tax-advantaged account that you can use to save for health expenses. The biggest benefit? The money you put in an HSA is YOURS—no expiration date. On the other hand, an FSA (or flexible spending account) doesn't roll over from year to year. You still get the tax benefits on your contributions, but whatever you don't spend by the end of the year expires. So plan accordingly! | Jean Chat
1:30
What's the difference between an HSA and an FSA? 🤔 HSA stands for health savings account, and this is a triple tax-advantaged account that you can use to save for health expenses. The biggest benefit? The money you put in an HSA is YOURS—no expiration date. On the other hand, an FSA (or flexible spending account) doesn't roll over from year to year. You still get the tax benefits on your contributions, but whatever you don't spend by the end of the year expires. So plan accordingly! | Jean Chat
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