Can You Select OEBB FSA without HSA?

When it comes to selecting your benefits, if you are enrolled in OEBB (Oregon Educators Benefit Board) health insurance, you must decide whether to opt for an HSA (Health Savings Account) or an FSA (Flexible Spending Account).

While the two savings accounts have similarities, such as tax advantages and using pre-tax dollars for medical expenses, there are key differences that you need to consider before making your decision.

However, if you are enrolled in the OEBB and prefer the FSA over the HSA, you do have the option to select the FSA instead. The choice ultimately depends on your preferences regarding account flexibility, rollover options, and contribution limits.

When choosing your benefits under OEBB health insurance, many individuals wonder whether they can select an FSA (Flexible Spending Account) without also enrolling in an HSA (Health Savings Account). The answer is yes; you can opt for the FSA independently based on your financial goals and medical expenses.