An HSA is a tax-advantaged savings account designed to help those with high-deductible health plans (HDHPs) pay for out-of-pocket medical expenses. An FSA is an employer-sponsored savings account that allows you to set aside pre-tax money for eligible healthcare expenses. HSA vs. FSA: Ke...
HSA vs. FSA: Which is better? Both accounts have benefits that can make managing your out-of-pocket medical expenses easier throughout the year. In general, healthier and younger people with few prescriptions or medical conditions are likely to do better with an HSA and HDHP, since they're...
these plans aren’t exactly alike. Here, we’ll break down the differences between healthcare HSA vs. FSA so you can determine which one is the best fit for your needs.
Alex Morrell
FSA vs. HRA vs. HSA FAQs Can you claim FSAs on your taxes? No. Unlike health savings accounts, you do not have to report your FSA on your income tax return. Since FSA contributions are made with pretax dollars, you cannot claim them as a tax deduction either. Any leftover FSA money...
This video compares the benefits and disadvantages of FSA to those of HSA: EligibilityEligibility for an FSA is set by the employer and employers have complete flexibility to offer various combinations of benefits in designing their plan. For example, those with high-deductible plans may be limited...
Find out what you need to know when deciding between FSA vs. HSA, plus learn the 2025 FSA and HSA rates and limits.
Log-in for providers, brokers and employers Close Key takeaways: You can useHSAs,FSAsandHRAsfor eligible medical expenses. AnHSAis portable. That means you can take it with you if you leave your job. You can’t do the same with anFSAor anHRA. ...
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FSA and HSA funds are pre-tax dollars that can be spent on pre-approved vision and health products and services.