FSA vs. HSA โ€” hereโ€™s the difference ๐Ÿ‘‡ | Master Money Video

FSA vs. HSA โ€” hereโ€™s the difference ๐Ÿ‘‡
Both help you save on healthcare, but they work very differently.

๐Ÿฉบ FSA:
โ€“ Use it or lose it
โ€“ No investing
โ€“ Tied to employer
โ€“ Lower limit

๐Ÿ’ธ HSA:
โ€“ You keep it forever
โ€“ You can invest it
โ€“ Must have high-deductible plan
โ€“ Triple tax advantage

FSA = short-term spending
HSA = long-term wealth builder

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