Also called a medical FSA, you use it to pay for qualified medical, pharmacy, dental and vision expenses as defined in Publication 502 from the IRS.

Sometimes, employers offer an account called a post-deductible health FSA. It means you must meet your plan’s deductible before using the funds in your FSA.

If you have an HSA, you may also have a post-deductible FSA. Why have both accounts?

  • If you contribute the maximum amount to your HSA for the year, you can get more tax savings by contributing to your FSA, too
  • Using your FSA leaves more money in your HSA for the long term