Comments on: Researching Health Savings Accounts http://www.uncommon-cents.net/2009/10/06/researching-health-savings-accounts/ (Hopefully) simple personal finance Wed, 17 Mar 2010 21:52:01 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: joanna http://www.uncommon-cents.net/2009/10/06/researching-health-savings-accounts/comment-page-1/#comment-17121 joanna Tue, 06 Oct 2009 23:19:27 +0000 http://www.uncommon-cents.net/?p=1434#comment-17121 We love our HSA- but do learn the difference between an HSA (heath savings account) and an FSA (flexible spending account). HSA's roll over year to year, and FSA's expire at the end of the year. Different laws govern the use and type of plans that go along with each. With both, you can buy some toiletries and over-the-counter medicines, so if you discover you have too much in your FSA at the end of the year, a run on your local drugstore may be in order to stock the medicine cabinet- I know that's what I did! I wrote a long post on the research I did when I was switching from one type of plan to the other <a href="http://joannal.blogspot.com/2008/08/on-health-insurance-options.html" rel="nofollow">here</a>. We love our HSA- but do learn the difference between an HSA (heath savings account) and an FSA (flexible spending account). HSA’s roll over year to year, and FSA’s expire at the end of the year. Different laws govern the use and type of plans that go along with each. With both, you can buy some toiletries and over-the-counter medicines, so if you discover you have too much in your FSA at the end of the year, a run on your local drugstore may be in order to stock the medicine cabinet- I know that’s what I did!

I wrote a long post on the research I did when I was switching from one type of plan to the other here.

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