| Consideration | HSA (Health Savings Account) | FSA (Flexible Spending Account) |
|---|---|---|
| Eligibility | Must enroll in a High Deductible Health Plan | Must be enrolled in the 85/60 Plan or MedFlex Plan for Health Care FSA No plan requirements for Dependent Care FSA |
| Contribution Limit | $4,500 single or $9,000 family *amounts include an employer contribution | Medical FSA: $3,400 single or family Dependent Care FSA ("daycare"): $7,500 |
| Change Contributions | Start, stop, or change amount anytime throughout the year | Only during open enrollment or in the event of a life status change |
| Continuation and Growth | Unused balances roll over and can be invested. Your HSA goes with you if you leave the university. | Use it or lose it. Funds must be used by March 15 of 2027, unless separating from the university. If separating, must be used within 30 days of final employment date. |
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