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HSA vs FSA

Tax-advantaged accounts such as HSA and FSA can help you pay for health care costs

on a pre-tax basis

Enjoy offers two distinct types of tax-advantaged accounts to help you pay for health care costs on a pre-tax basis:

 

  • Health Savings Account (HSA) for employees electing the Aetna Managed Choice PPO+HSA 

 

  • Health Care Flexible Spending Account (FSA) for employees electing one of the remaining medical plan options or waiving coverage. 

There are two types of Health Care FSAs:

  1. General Purpose Health FSA:  to be used for eligible medical, prescription drug, dental and vision expenses

  2. Limited Purpose Health FSA:  to be used for eligible dental and vision expenses

 

Both accounts feature tax benefits but differ in terms of who is eligible, whether funds are portable or roll over, contribution limits and the qualified health care expenses for which funds can be used.

 

As the names imply, one is a savings account — intended to be a savings plan for both current and future health needs, and the other is a spending account — intended to be fully spent each year.

 

Below you can find a comparison document (it opens as a PDF) to assist you as you choose between health plan options and these associated tax-advantaged accounts.

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