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title: Health Savings and Flexible Spending
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**Health Savings Account **

More information is available in the ESC and this account is for individuals enrolled in a high deductible health plan.

- A health savings account (HSA) is a type of consumer-owned and managed savings account established by an individual with qualifying high deductible health plan (HDHP) coverage.
- The account owner may deposit money into his or her HSA in order to pay for qualified health expenses and save for future medical and retiree health expenses.

 

**Flex Spending Account (FSA)**

- Allows you to set aside a portion of current earnings on a pretax basis (if your Insperity tax status qualifies you) for reimbursement of qualifying health care expenses incurred during the year that are not otherwise covered by a health plan.Using pretax dollars to pay for expenses helps to reduce your taxable income.
- Open enrollment for this option if you decide not to enroll within the 30 day window is in** November-December** for the following calendar year (2018).