Understanding HSA and FSA on Doordash

Are you confused about HSA and FSA on Doordash? Let's break it down for you. HSA stands for Health Savings Account, while FSA stands for Flexible Spending Account. Both accounts are tax-advantaged savings accounts that can help you save money on medical expenses.

Here's a closer look at HSA and FSA on Doordash:

• HSA (Health Savings Account):
  • Contributions are tax-deductible.
  • Can only be used in conjunction with a high-deductible health plan.
  • Unused funds roll over year after year.
  • Money in the account can be invested for potential growth.
• FSA (Flexible Spending Account):
  • Contributions are pre-tax.
  • Must be used within the plan year or risk losing the funds (with some exceptions like carryover or grace period).
  • Can cover a variety of medical expenses including co-pays, deductibles, and some over-the-counter medications.

When ordering through Doordash, you may be able to use your HSA or FSA debit card to pay for eligible medical expenses such as doctor's visits or prescription medications. Be sure to check with Doordash and your specific HSA or FSA provider for more information on what expenses are covered.

Are you feeling a bit lost when it comes to using your HSA and FSA through Doordash? Don’t worry, you’re not alone! Let’s simplify the essentials for you. HSA, or Health Savings Account, allows you to set aside money for medical expenses while FSA, or Flexible Spending Account, gives you the flexibility to use your pre-tax earnings for similar purposes.