Types of Personal Health Savings Accounts

Health Savings Account (HSA)

Under a high-deductible, low-premium health insurance plan, you can save for your out-of-pocket health and wellness costs by creating a tax-advantaged fund account that may accrue interest. Additionally, if you don’t use your funds, they may roll over from year to year, even if you change jobs or retire. Learn more at healthcare.gov.


Flexible Spending Accounts (FSA)

Under certain health insurance plans, you can set aside a limited amount of pre-tax dollars from your paycheck to plan for your out-of-pocket health and wellness costs. Most FSAs require you to use your funds within the plan year, and you always forfeit any remaining funds if you leave your job or retire. Separate FSAs also exist to help with childcare or transportation expenses. Learn more at healthcare.gov.