11/18/2025
Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) can help you save money tax-free for health care expenses. But the two options are different. Here’s some key differences to know:
Which you can have: HSA accounts are available for individuals with high-deductible health plans. Anyone whose employer offers an FSA can have one.
Spend it or lose it: With an HSA, your money rolls over every year. You can keep it, even if you leave your job. FSA funds must be used within the year. Some plans may allow you to roll over a small amount.
Take it with you: An HSA account is yours. You control the funds and can take it with you if you leave a job. FSAs are owned by your employer. If you leave your job, you generally cannot take it with you.
Key takeaway: Make sure you understand your health benefits when signing up for a plan. You can learn more about your specific plan in My Health Toolkit. Here’s 5 more health care tips to busy people: https://www.southcarolinablues.com/web/public/brands/sc/blog/categories/health-insurance-101/2024/tips-for-busy-people/.