Question
What is a health savings account, or HSA? Why is this account often preferable to a flexible spending account? An HSA has higher contribution limits
What is a health savings account, or HSA? Why is this account often preferable to a flexible spending account?
An HSA has higher contribution limits than a flexible spending account and you can carry over any remaining funds into succeeding years. In contrast, flexible spending accounts must be depleted each year. | ||
An HSA has lower contribution limits than a flexible spending account, but you can carry over any remaining funds into succeeding years. In contrast, flexible spending accounts must be depleted each year. | ||
A flexible spending account has higher contribution limits than an HSA and you can carry over any remaining funds into succeeding years. In contrast, health savings accounts must be depleted each year. | ||
An HSA has higher contribution limits than a flexible spending account, but it must be depleted each year. In contrast, with flexible spending accounts you can carry over any remaining funds into succeeding years. |
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