Can You Have HSA and FSA at the Same Time? Exploring the Differences and Similarities

If you're navigating the world of healthcare plans, you might be wondering: Can you have an HSA and FSA at the same time? Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are both popular options for saving money on medical expenses, but there are key differences between the two.

Here's a breakdown of how HSAs and FSAs work:

• Health Savings Account (HSA): - Requires a high-deductible health plan (HDHP) - Contributions are tax-deductible - Funds roll over from year to year - Can be invested for potential growth
• Flexible Spending Account (FSA): - Does not require an HDHP - Contributions are pre-tax - Funds may be subject to a
  

  If you're navigating the world of healthcare plans, you might be wondering: Can you have an HSA and FSA at the same time? While both Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) can help you save money on medical expenses, understanding their unique features is crucial.