Compare the HSA and the FSA
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| Features | Health Care FSA | HSA | Limited Purpose FSA |
|---|---|---|---|
| Medical Plan Compatibility | 1,000 deductible or an eligible, non-Equifax medical plan | 2,000 deductible 3,000 deductible 4,000 deductible | 2,000 deductible 3,000 deductible 4,000 deductible |
| 2020 Contribution Limit | $2,750 | $3,550 for individuals, $7,100 for families | $2,750 |
| 2021 Contribution Limit | $2,750 | $3600 for individual coverage; or $7200 for families. | $2,750 |
| Catch-up Contributions | No | If you are age 55 or older, you may contribute an additional $1,000 | No |
| Deadline to Request Reimbursement of Funds | March 31 of the following year | None; funds are yours forever, even if you leave Equifax | March 31 of the following year |
| Tax Advantages | Contributions reduce your tax liability, stretching your healthcare dollars | Contributions reduce your tax liability, stretching your healthcare dollars | Contributions reduce your tax liability, stretching your healthcare dollars |
| Investment Options | None | Once your account balance reaches $1,000 you may move any balance above that amount into mutual funds and direct your investment strategy | None |
| Spending Account Compatibility | Cannot be used with an HSA | Can be used with a Limited Purpose FSA | Cannot be used with an HSA |