๐ก HSAs and FSAs both lower your taxable income, but how you spend the money isnโt the same.
HSA
โEligible expenses can be reimbursed anytime after the account opens
โBuy glasses today, keep the receipt, and pull funds out tax free years later
FSA
โOnly expenses in the plan year qualify
โNearly half of FSA users lose money each year by not spending in time
Wellness Pay helps you capture the value of both by scanning receipts, flagging what qualifies, and providing LMNs when required so reimbursements actually happen.
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