FSA & HSA - Frequently Asked Questions

AESOP Auto Parts - Privileged & Confiden�al � FSA & HSA – Frequently Asked Questions 1. Am I eligible?  HSA – You must be enrolled in a High-Deductible Health Plan (HDHP).  Healthcare FSA – Available if your employer offers it (any medical plan type).  Dependent Care FSA – Available if your employer offers it; no HDHP requirement. 2. Can I have both an HSA and an FSA?  You can have an HSA and a Dependent Care FSA together.  You generally cannot have an HSA and a Healthcare FSA at the same time. 3. How much can I contribute? (2025 IRS limits)  HSA – $4,300 individual / $8,550 family. Extra $1,000 if age 55+.  Healthcare FSA – $3,200 per year.  Dependent Care FSA – $5,000 per household ($2,500 if married filing separately). 4. What can I use the money for?  HSA & Healthcare FSA – Medical, dental, and vision expenses for you, your spouse, and dependents.  Dependent Care FSA – Daycare, preschool, after-school programs, summer day camp, elder care. 5. What happens to unused money?  HSA – Balance rolls over year to year, no limit.  Healthcare FSA – “Use it or lose it.” Your plan may offer either: o A grace period to use funds, OR o A limited rollover amount (check with HR).  Dependent Care FSA – Same “use it or lose it” rule. 6. Do I keep the money if I leave the company?  HSA – Yes, the account is yours.  Healthcare FSA – No, you lose unused funds (unless you continue through COBRA).  Dependent Care FSA – No, you lose unused funds.