Wondering how an HSA is different from a Health Care Flexible Spending account (FSA)? Here’s how:
| Health Savings Account | HEALTH CARE FLEXIBLE SPENDING ACCOUNT | |
|---|---|---|
| When to Use | You can use the HSA to pay for eligible medical, dental, and vision expenses under the Bronze Plus or Silver . | You can use the Health Care FSA to pay for eligible medical, dental, and vision expenses under the Gold or Platinum , or if you waive medical coverage. |
| Contributions | You can contribute to your account before taxes. For 2025, the annual limits set by the IRS are $4,300 for individual coverage, and $8,550 for family coverage. If you’re age 55 or older (or will turn age 55 during the plan year), you can also contribute an additional $1,000 catch-up contribution. | You can contribute to your account before taxes, up to the $3,200 annual limit. |
| Rollovers | Unused dollars roll over from year to year. The funds are always yours to keep, even if you leave the company or retire. | You can only roll over up to $640 from year to year. |
| Earning Interest | The money in your HSA earns interest. | The money in your FSA does not earn interest. |
| Debit Cards | Yes, a debit card is available. | Yes, a debit card is available for the Health Care FSA. |
| Investment Option | You can open an investment account when your balance reaches $1,000. | You cannot invest your FSA balance. |
