A Flexible Spending Account (FSA) is a health account offered through your employer that allows you to contribute up to $3,200 pre-tax each year that you can use to spend on out-of-pocket medical expenses, or for the purchase of eligible health items. You will be able to use these funds each calendar year, between 1st Jan and 31st December and have until March 15th of the following year to submit reimbursement claims. Claim submission deadlines vary by administrator

A Health Savings Account (HSA) is a tax-advantaged savings account that allows you to set aside pre-tax money to pay for qualified medical expenses or eligible health products. You will be able to use these funds at any time, and there is no deadline for claims submission.