Flexible Spending is away to build up funds for medical expense. You can elect for an amount to be taken out of your pay check before taxes are applied and put them on your FSA Card. At the beginning of the year you would elect how much money you want to contribute a month. Once you receive your card it will have the balance of your monthly contribution times twelve. So, all the money you will apply throughout the year will be available immediately to use towards your current and future medical expense. This is a program where you will need to plan how much you will spend this coming year.
Health Saving Account are available to all how select the high deductible plan AcitiveCare 1-HD. You will need to decide how much money you want to contribute a month. You can elect for up to $279.17 for single coverage, $554.17 for family coverage to be taken out of your pay check before taxes and put into your HSA Account monthly. You can then use this money to pay for your medical, dental, vision, prescription expense throughout the year. Your contributions will roll over into the next year.