HSA vs. FSA vs. LPFSA vs. DCA

TAX SAVINGS ACCOUNTS COMPARISON Employees have the opportunity to contribute to several pre-taxed accounts that can be used to pay for eligible out-of-pocket healthcare expenses. The below illustrates some of the key differences between the HSA, FSA, LPFSA, and the DCFSA. FLEXIBLE LIMITED HEALTH DEPENDENT SPENDING PURPOSE SAVINGS CARE ACCOUNT FSA ACCOUNT FSA (FSA) (LPFSA) (HSA) (DCFSA) Can be paired with Can be paired with the Can be paired with the Anyone with an eligible the Bronze plan Gold or Silver plans Bronze plan dependent can enroll ELIGIBILITY $4,150 for individuals $3,200 annually $5,000 annually and $8,300 for $3,200 annually families annually MAX CONTRIBUTION You own this Your employer owns Your employer owns Your employer owns account - unused this account - unused this account - unused this account - unused funds are yours funds are forfeited funds are forfeited funds are forfeited PORTABILITY Your funds rollover You may rollover up You may rollover up You may not every year until they to $640 of unused to $640 of unused rollover unused are used funds annually funds annually DCFSA funds ROLLOVER Your funds may be Your funds may be Your funds may be Your funds may be used used for eligible used for eligible used for eligible dental for eligible dependent ELIGIBLE healthcare expenses healthcare expenses and vision expenses care expenses EXPENSES You cannot invest You cannot invest You can invest funds You cannot invest your FSA funds your LPFSA funds over a certain balance your DCFSA funds INVESTING You may contribute You may contribute You may simultaneously You may contribute to an HSA, LPFSA, to an HSA and contribute to an HSA, to a DCFSA and DCFSA DCFSA FSA, or LPSA when simultaneously simultaneously simultaneously SIMULTANEOUS eligible CONTRIBUTIONS