HSA vs FSA Comparison Calculator

Compare Health Savings Account (HSA) and Flexible Spending Account (FSA) to determine which tax-advantaged health account is better for your situation.

HSA Eligibility Requirements:

• Must have a High-Deductible Health Plan (HDHP)
• 2024 HDHP minimum deductible: $1,600 (individual), $3,200 (family)
• Cannot be enrolled in Medicare
• Cannot be claimed as a dependent on someone else's tax return

FSA Eligibility:

• Must be offered through your employer
• Can be used with any health insurance plan
• Cannot have both FSA and HSA (except Limited Purpose FSA for dental/vision)

Note: HSA is generally better for long-term savings and flexibility, while FSA is better if you have predictable medical expenses and need immediate access to funds.