HSA vs FSA. My current employer doesn’t offer HSA but, offers FSA. HSA is no brainer. But, not sure about FSA. Any advice??

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It’s still tax free saving, but you have to plan your expenses more closely so you don’t lose the $. Companies have different report by cycles.

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Only if you have planned medical expenses this year. I used FSA for lasik. If you have a high deductible insurance plan you can open an HSA outside of your employer.

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Ultimately yes but you’ll get the money back in your tax refund

This is my situation. It has ended up being handy because of some unexpected medical bills this year. Overall though it’s tricky since it can be hard to predict. You can always use left over FSA money on new glasses or (pre-Covid) therapeutic massage, which is nice in that you don’t have to lose it but not exactly a winning financial strategy.

Agree. Very hard to predict medical expenses for the year.

Well the real question is if your employer offers a qualifying high deductible health care plan. HSAs are only eligible on those types of plans. If you’re on a more traditional plan, then FSA is your only option.

You don’t get to choose between HSA or FSA.
Your employer either offers a HDHP or doesnt. If they don’t, you can’t have an HSA.
If you do have a HDHP and an HSA, your employer might also offer a limited purpose FSA but that can only be used for post-deductible healthcare expenses.

You are right. I was comparing between two employers. Hard to predict medical expenses and calculate contributions with FSA

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