Frequently Asked Questions

A Health Savings Account (HSA) is a tax-advantaged account you can use to pay for qualified medical expenses. It's only available if you're enrolled in a High Deductible Health Plan (HDHP). It offers a triple tax advantage: Contributions are tax-deductible (or pre-tax through payroll) Growth is tax-free Withdrawals for qualified expenses are tax-free Learn more here.

For 2026, the IRS defines an HDHP as a health plan with: Minimum deductible: $1,700 (individual) / $3,400 (family) Max out-of-pocket: $8,500 (individual) / $17,000 (family) For more information, read our full guide here. Source: IRS Revenue Procedure 2025-19

Both HSAs (Health Savings Accounts) and FSAs (Flexible Spending Accounts) let you use pre-tax money for medical expenses — but how they work is very different. HSA (Health Savings Account): Requires a High Deductible Health Plan (HDHP) Your account — stays with you even if you change jobs Funds roll over every year (no expiration) Can be invested for long-term growth Often used as both a spending and savings/investment account FSA (Flexible Spending Account): Offered through your employer (not portable) Typically use-it-or-lose-it (some plans allow limited rollover or grace period) Cannot be invested Designed for short-term spending within the year Important note: You generally can’t contribute to both at the same time unless your FSA is a limited-purpose FSA (dental and vision only).

Only if the FSA is limited-purpose (dental/vision). A general FSA disqualifies HSA contributions.

Generally not if the FSA is a general-purpose FSA — but a Limited Purpose FSA for dental and vision is compatible with an HSA.