Compare the differences between a health spending account and a flexible spending account.
HSA = Health Savings Account
FSA = Health Care Flexible Spending Account
| Features | FSA | HSA |
|---|---|---|
| Contribute on a pre-tax basis? | ||
| Debit card to use for Medical, Dental and Vision expenses? | ||
| Rollover funds from year to year? | Beginning January 1, 2025 they will no longer roll over from year to year. | Yes - unlimited |
| Change contribution amount at any time? | X | |
| Employer Contribution? | X | $500 Employee-only $1,000 Family |
| Can enroll while covered under any medical plan? | Only eligible if enrolled in Medical Plan 1 | |
| Funds can be invested? | X | |
| Annual Contribution Limit? | $3,200 | *$4,150 Employee-only $8,300 Family |
*This represents the total amount you are allowed to contribute. Please remember NXP contributions will count towards the total.