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Question of

Are you enrolled in the best account for you?

You're one of the nearly 60 million Americans enrolled and contributing toward a tax-advantaged health benefit account. As you know, these accounts and the funds you contribute are protected by tax laws, making saving and paying for healthcare easier on you and your wallet.

Is it important to you to maximize your potential tax savings?

Is it important for you to own your account funds (vs. your employer owning the funds)?

Is it important for you to have the ability to carry unused funds into the next year?

Is it important for you to be able to take your account/funds with you if you leave your employer?

Is it important for you to be able to change your contribution at any time during the year?

Is it important for you to have the ability to invest your account funds to earn interest on your funds?

Is it important that your account allows you to save for the future (beyond this year – into retirement)?

Do you foresee your out of pocket healthcare spending increasing this year?

Are you enrolled (or planning to enroll) in a health plan with a higher deductible?

Is it important to you for your account funds to be fully self-directed (vs. having things auto paid)?

We have your results!


Your Results

 

Thanks for taking the time, you’ll be glad you did. Based on what you’ve told us, you appear best suited for an . Check out the comparison chart below to see how an HSA stacks up to an FSA on several key factors.


AccountComparison

 
 
 
 
Health Savings Account
Flexible Spending Account
Eligibility requirements
Must be enrolled in qualified high-deductible health plan
No requirements
Contribution limit
$7,000 for families
$3,500 for individuals
$2,700 limit
Ability to change contribution amount
Change at any point during the year
Can only change during open enrollment, or following a family/employment status change
Rollover
Unused funds roll over into subsequent years
With some exceptions, FSAs are subject to a ‘use-it-or-lose-it’ forfeiture
Ownership
You own your HSA – the account and funds follow you forever (including into retirement)
Funds are terminated when you leave your company.
Tax impact
Contributions are tax free, qualified medical spending is tax free, and earned interest is tax free
Contributions are tax free, qualified medical spending is tax free
Investments
You can invest HSA funds once you’ve met your plan’s minimum investment balance
No investment option