An HSA (Health Savings Account) and an FSA (Flexible Spending Account) are like special piggy banks that you can use to save money for health-related expenses, like going to the doctor or buying medicine.

HSA (Health Savings Account):

Imagine you have a piggy bank that you can put money into, and that money stays there, even if you don’t spend it right away. You can use this money any time for eligible health expenses.

HSA funds don't disappear at the end of the year; they keep growing, and you can even be used when you’re older.

To use an HSA, you need a special kind of health insurance called a high-deductible health plan.

FSA (Flexible Spending Account):

This is another piggy bank for health expenses, but there’s a catch: the money might disappear at the end of the year if you don’t use it.

You don’t need special insurance to have an FSA, and you can use the money for things like going to the doctor or buying glasses.

Both HSAs and FSAs help you save money for health costs, but the HSA lets you save the money longer, while the FSA makes you use it sooner. You can ask for receipts for your Tia membership and appointments to submit for HSA/FSA reimbursement.