Tax-advantaged accounts
FSA (Flexible Spending Account)
An employer-sponsored account that lets employees set aside pre-tax dollars for qualified medical expenses. The IRS sets an annual contribution limit. FSAs are typically "use it or lose it" — unused funds are forfeited at year-end, though some plans allow a small carryover or grace period. FSAs are not the same as HSAs.Last reviewed: · TMRW Benefits is a benefits brokerage, not a tax or legal advisor. Consult a CPA or attorney for situation-specific guidance.
More in Tax-advantaged accounts
HSA (Health Savings Account)
Triple-tax-advantaged. Pairs with HDHP. Rolls over.
Limited-purpose FSA
FSA for dental and vision only. HSA-compatible.
Dependent Care FSA (DCFSA)
Pre-tax account for childcare or eldercare expenses.
HRA (Health Reimbursement Arrangement)
Employer-funded reimbursement account.
ICHRA (Individual Coverage HRA)
Employer reimburses for individual insurance. No size limits.
QSEHRA (Qualified Small Employer HRA)
HRA for under-50-FTE employers without group health.
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