Let's Review

Hsa

Must be enrolled in a Qualied High Deducible Health Plan to be eligible

Fsa

Flexible Spending Account

You do not have to be enrolled in a qualied High Deductible plan to participate

Funds must be in the account in order to spend them

Money rolls over year to year

You can change your contributions at any time

Your full contribution is available to spend on the rst day of the plan

Generally, contributions are "use it or lose it" and must be spent within the plan year

You are only able to change your contribution in limited circumstances