Can I Use My Old HSA Card and a Flex Spending Account?

Are you wondering if you can use your old HSA card along with a flexible spending account (FSA)? Let's dive into this common question that many individuals have when managing their healthcare expenses.

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are both popular options for saving and paying for medical expenses. While they have some similarities, there are key differences that impact how funds can be used.

Here are the main points to consider:

• HSAs are individually owned accounts, while FSAs are typically sponsored by employers.
• HSAs are not
  

  Are you stuck between using your old HSA card and a flexible spending account (FSA)? It's a common dilemma that many face as they navigate their healthcare finances.

  Both Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) allow you to save and pay for medical expenses, but understanding the differences is key to managing your funds effectively.

  Key distinctions include that HSAs are owned individually, while FSAs are often employer-sponsored.