Finance

FSA vs. HSA Calculator

Compare tax savings and rollover treatment between an FSA and an HSA.


FSA vs. HSA Calculator

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Both accounts deliver the identical tax savings on the same contribution — the real difference between them is what happens to money left unspent at year-end.

How it works

Tax savings are computed identically for both accounts. The comparison is in what the unspent balance means: an FSA typically forfeits it (absent a limited employer grace period or rollover provision), while an HSA carries it forward indefinitely, growing tax-deferred for future use.

What this does not include

An HSA requires enrollment in a qualifying high-deductible health plan, which an FSA doesn’t — eligibility, not just the forfeiture rule, often decides which account is even available to a given person, a determination this calculator doesn’t make.

How to use this calculator

  1. Enter the annual contribution and expected unspent amount at year-end.
  2. Enter your combined marginal tax rate.

Frequently asked questions

Can I have both an FSA and an HSA?

Generally no for a standard health FSA — having one typically disqualifies HSA eligibility, though a “limited-purpose” FSA (covering only dental and vision) can be paired with an HSA.

Does an FSA always forfeit unspent funds?

Not entirely — many employer plans offer either a short grace period or a limited carryover amount, which softens but doesn’t eliminate the use-it-or-lose-it risk.

Why is an HSA often considered the better account when available?

The combination of tax-deductible contributions, tax-deferred growth, tax-free qualified withdrawals, and no forfeiture risk makes it the only triple-tax-advantaged account most people have access to.

Important: This is general information, not financial advice. Figures are estimates, and your lender or provider decides the real numbers. Check with a qualified adviser before acting on them.

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Written by

M. Whitfield

Personal finance writer

M. Whitfield writes the personal finance calculators, covering loans, mortgages, savings, tax and investment maths. The focus is on showing exactly which number goes into a formula and which assumptions a result depends on, so readers can tell when a figure applies to their situation and when it does not. Every finance page states what it does not account for as plainly as what it does.

Reviewed by

A. Whitfield-Reyes

Calculator reviewer — finance

A. Whitfield-Reyes reviews the finance calculators, checking compounding conventions, rate-period alignment, and whether each page is explicit about the costs and tax treatment it leaves out. Financial results are easy to state with false precision, so review focuses on whether the page makes its assumptions visible to a reader who is not looking for them.

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