What can I use FSA for but not HSA? - An HSA Awareness Guide

When it comes to healthcare savings options, many people get confused between Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA). Both have their own set of rules and benefits. One common question that arises is what expenses can be covered by FSA but not HSA.

While both FSA and HSA offer tax advantages and savings on healthcare costs, there are some key differences that set them apart. Here's what you can use FSA for but not HSA:

• Over-the-counter medications without a prescription
• Menstrual care products like tampons and pads
• Certain alternative therapies like acupuncture or chiropractic care

On the other hand, HSA offers more flexibility and long-term savings benefits compared to FSA. With an HSA, you can invest and grow your savings for future healthcare expenses, even into retirement.

Many people often find themselves navigating the waters of healthcare savings accounts, especially when distinguishing between a Flexible Spending Account (FSA) and a Health Savings Account (HSA). While both can help you save on healthcare costs, understanding the unique benefits and limitations is crucial. For instance, one major difference is that FSAs allow for the purchase of over-the-counter medications without a prescription, a feature that's not applicable to HSAs.