HSA vs FSA differences
FSA is use it or lose it
HSA will allow unused money to rollover to next year
HSA also allows the money to be invested and compound when in HSA.
There are SOME expenses FSAs cover which HSAs (by law) do not. I think (check me on this) glasses/contacts and similar. Mt HSA has a vision plan (included at no charge), but I think glasses cannot be paid from HSA. I was given the choice of a "limited use FSA" to work with the HSA, but did not choose this (I wear glass and cAn SeE fiNE, btu smoetimes my spulleng is a lttile off). LOL
There was a 3 or 4 item bulleted list where FSA could be used and HSA could not during our benefits presentation.
Guessing: eye care, certain types of dental care, maybe psychiatrist care and maybe one other thing. These are SWAGs.
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