March 20, 2026
HSAs vs FSAs: Understanding Your Healthcare Account Options
Open enrollment periods often present a choice between two types of tax-advantaged healthcare accounts: Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Both can reduce the tax impact of medical expenses, but they operate under different rules, have different contribution limits, and may suit different financial situations. Understanding how each account works can help frame more informed conversations with benefits administrators and financial professionals.