Other Insurance Services

FSA’s and HSAs are pre-tax accounts you can use to pay for healthcare related expenses. To qualify for an HSA you must have a high deductible health plan (HDHP). With both FSA’s and HSAs you can pay for things like co-pays medical bills and vision expenses. An FSA is like a line of credit. Similar to an FSA, an HSA also allows you to stash money away into a pretax account but works a little differently. Unlike an FSA, to contribute to an HSA you must qualify and meet the following requirements; you are not claimed as a dependent on anyone else’s tax return, you are not enrolled in Medicare, and you are covered under a high deductible health plan (HDHP). An HDHP is any healthcare insurance plan with a high deductible amount.