Guide to HSAs and FSAs #Infographic

Published by Web Desk Wednesday, April 25, 2018

Do you know the difference between a HSA and an FSA? Most people don’t. An HSA, or Health Savings Account, helps you accrue money tax free, often with interest, that can be rolled over and used for the rest of your life to pay for healthcare, including things like glasses, nursing homes, diapers for your children, and more. Unfortunately it is only available to folks with a high deductible health plan, which is currently about 19% of the people in America.

An FSA, or Flexible Spending Account, is much less flexible than the name indicates. It allows you to put in money pre-tax to pay for healthcare expenditures, but at the end of the year it’s a use it or lose it proposition. You also can’t use it for as many things - diapers are out, but glasses and eye exams are allowable expenses.

Learn more about the differences between an HSA and an FSA from this infographic!


Infographic by: www.framesdirect.com

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