While both Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are tax-advantaged savings accounts that can reimburse you for qualified medical expenses, the HSA is only available to those with a high deductible health plan (HDHP).

Available to employers and individuals, there are significant advantages to an HSA. With rollover from year to year, the HSA account is more flexible, has higher reimbursement limits, and allows for tax deduction of your medical reimbursement expenses. The HSA is also portable, which means it remains attached to you rather than your employer.

While both the FSA and HSA make it easier to manage your annual out of pocket medical costs, the HSA gives you higher limits and rollover capability.  Let the independent insurance experts at the Ashcraft Associates Insurance Agency in Alexandria, VA, help you discover the best health benefits for your Maryland, Virginia, or Washington, D.C. company.

Health Savings Accounts (HSA) Providers Serving VA, MD, and DC