HSA vs. FSA: What’s the Difference and How Does It Affect Your Taxes? If you have medical expenses, both an HSA and an FSA can help you save money but they work very differently when it comes to taxes and rules. HSA (Health Savings Account) Think of an HSA as a medical savings account that belongs to you. • You must have a high-deductible health plan to qualify • Money you put in is tax deductible • The account rolls over every year you don’t lose it • You can keep it even if you change jobs • W

FSAs and HSAs are tax-free savings accounts to help you pay out-of-pocket health care costs. The main difference between the two are that HSAs are individual-owned and operated accounts, while FSAs are offered and owned by an employer. Find more information about EmblemHealth’s plans and benefits at https://www.emblemhealth.com/plans. | EmblemHealth

Let's demystify FSAs and HSAs! These tax-free lifelines aid in handling your out-of-pocket health costs. HSAs belong to you individually, while FSAs are employer-sponsored. Each offers a unique approach to managing your health care finances. Explore more about EmblemHealth's plans and benefits that can guide you toward a healthier financial future: bit.ly/44UB96d | EmblemHealth