What is the difference between HSA and FSA accounts? | ||
|---|---|---|
| Consideration | HSA (Health Savings Account) | FSA (Flexible Spending Account) |
| Eligibility | Must enroll in a High Deductible Health Plan Cannot contribute to an HSA if enrolled in Medicare | No requirements |
| Contribution Limit | $4,300 single or $8,550 family (2025) *amounts include an employer contribution | Medical FSA: $3,200 single or family (2025) Dependent Care FSA ("daycare"): $5,000 |
| Change Contributions | Anytime throughout the year | Only during open enrollment or life status change |
| Rollover | Unused balances roll over | Use it or lose it. Funds must be used by March 15 of the following year unless separating from the university. If separating, must be used within 30 days. NOTE: You must re-enroll each year. |
| Taxes | Pre-tax deduction | Pre-tax deduction |
For complete information, visit the FSA and HSA webpage.
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