Issue link: https://viewer.e-digitaledition.com/i/843963
• You establish and own the account, but you must have an HSA-compatible health plan. • Deposit tax-free and withdraw either tax-free or tax-deductible. • Save up to $3,350 ($6,750 for a family) per year, or $4,350 if you are 55 or older. • Change your contribution at any time. • There is a small monthly fee (which your employer may pay). • Unused funds roll over indefi nitely and can be invested. — Bridget McCrea • Your employer establishes and owns the account. • Money is deposited and withdrawn tax-free. • Contribute a maximum $2,550 pretax dollars annually. • Contribution amounts can't be modifi ed unless there is a change in circumstances. • There are no fees. • You must spend your FSA money by the end of the year or forfeit it. Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) allow you to set aside money for qualifi ed, healthcare-related expenses like deductibles, copayments, co-insurance and prescriptions. But there are key differences. HSA vs. FSA: What's the difference? Health Savings Accounts Flexible Spending Accounts AACreditUnion.org | | 05