Health Savings, Flexible Spending, and Reimbursement Accounts

What this video covers

• Who owns and funds HSAs, FSAs, and HRAs, and which account balance generally stays with an individual when employment changes
• HSA contribution limits, cash-only ordinary contributions, separate accounts for spouses, and general eligibility requirements
• How an FSA makes the full elected annual reimbursement available during the coverage period, even before payroll deductions accumulate
• How to calculate the FSA salary reduction per paycheck, including why employer contributions do not change the employee’s stated election
• The difference between an FSA carryover and grace period, why a plan may allow one but not both, and which features are optional
• Which expenses an FSA cannot reimburse, and how HRA reimbursement and carryforward rules differ
• Why an extra deadline to submit an FSA claim does not extend the period for incurring eligible expenses