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Should I Choose an HSA or an FSA?

Our FSAs help you set aside money for health and dependent care—plus, you get the added thrill of saving on taxes!

Three pharmacists

Discover How an HSA or FSA Can Benefit You!
 

Understanding the Key Differences Between an HSA and an FSA

 

Accessibility of Funds

  • FSA's gives you access to your full annual election amount at the beginning of the plan year.

  • HSA’s allow you to utilize your funds as they accumulate.

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Contribution Limits

  • FSA Limit: $3,200

  • HSA Limit: $4,300/Individual or $8,550/Family

  • Limited Use FSA: $3,200 (used to pay for vision and dental expenses, but generally not other healthcare expenses).

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Tax Savings

  • FSA: Pre-tax contributions and tax-free withdrawals.

  • HSA: Pre-tax contributions, tax-free earnings (investment growth), and tax-free withdrawals, offering triple tax benefits.

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​​Portability:

  • FSA: You are able to roll over up to $640 to use in the next plan year.

  • HSA: These funds are permanently yours, even if you were to move another employer.

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​Deciding Factors:

  • Do you expect regular healthcare visits? A FSA might be your best option!

  • Looking to save and grow your funds long-term? An HSA could be your best route!

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