Do I Need an FSA If I Have an HSA? - Understanding the Differences

If you have a Health Savings Account (HSA), you might wonder whether you need a Flexible Spending Account (FSA) as well. Both accounts offer tax advantages for healthcare expenses, but they have some key differences.

First, let's clarify what HSA and FSA are:

• HSA: A tax-advantaged account that allows you to save money for qualified medical expenses. It's paired with a high-deductible health plan.
• FSA: Another tax-advantaged account that also helps you save for medical expenses, but it's usually offered by your employer and may have a
  

  It's common to ponder whether you need an FSA in addition to your HSA. Both accounts assist you in managing healthcare costs, but they serve slightly different purposes.