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