Flexible Spending Accounts: FSA vs HSA Comparison
By IRS Health Benefits Office | 6 min read
Compare FSA and HSA benefits with IRS guidance. Contribution limits, withdrawal rules, and tax advantages.
Both FSAs and HSAs use pre-tax dollars for medical expenses but have different rules. FSA features: $3,050 limit (2024), Use-it-or-lose-it rule (with limited carryover), Available with any health plan, Employer-owned account. HSA features: $4,150 individual/$8,300 family limit (2024), Funds roll over indefinitely, Only with high-deductible health plans, Employee-owned account, Investment options available. HSAs offer triple tax advantage and retirement planning potential.\n\n**Related Resources**\n- [Financial Planning Tools](/tools)\n- [Budget Calculator](/budget-planner)\n- [Credit Guide](/category/Debt%20%26%20Credit)\n- [Money Saving Tips](/category/Save%20Money)