Health Savings Account (HSA) versus Health Care FSA

If you enroll in the SavingsPlus HSA medical plan, you have the option of opening an HSA. But how does that differ from the Health Care FSA?

  HSA FSA
Eligible Medical Plan(s) SavingsPlus HSA All plans
However, only dental and vision expenses are considered eligible if you enroll in the SavingsPlus HSA (“Limited Purpose” FSA)
Company Contribution $500 Associate
$1,000 Family
$100, not applicable for Limited Purpose FSA
Contributions Subject to Annual Dollar Limits Yes Yes
Account Balance at Plan Year End (12/31) Remains in your account Unused funds are forfeited
Eligible Medical, Dental, and Vision Expenses Reimbursed Tax Free Yes Yes
Account Owner You Broadridge
Balance Goes with You if You Leave Broadridge Yes No
 
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