FSAs let employees set aside pre-tax dollars for eligible medical or dependent-care expenses. Unlike HSAs, most FSAs are use-it-or-lose-it: unused balances forfeit at year end (or a small carryover, depending on plan).
FSAs pair with any health plan (unlike HSAs, which require an HDHP). They're most useful when you can predict annual expenses reasonably well.
Practice this in Aurora
Project this decision against your real numbers with a private, calm dashboard.
Open Financial OS →Frequently asked questions
HSA or FSA?
HSA when eligible — funds roll over and grow tax-free. FSA when you don't qualify for an HSA and can accurately predict annual expenses.