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).