What is HSA/FSAUpdated 7 days ago

HSAs and FSAs are both pre-tax accounts, but they work a bit differently. HSAs are owned by you and usually roll over year to year (generally tied to an HDHP). FSAs are employer-based and often “use it or lose it” each plan year (some plans allow limited carryover). You can either pay directly with your HSA/FSA card (when eligible) or buy with any card and get reimbursed by submitting your receipt + LMN to your plan.