Wondering how an HSA is different from a Health Care Flexible Spending account (FSA)? Here’s how: Health Savings Account Flexible Spending Account When to Use You can use the HSA to pay for eligible medical, dental, and vision expenses under the Bronze, Bronze Plus, or Silver coverage levels. You can use the Health Care FSA to pay for eligible medical, dental, and vision expenses under the Gold or Platinum coverage levels. Contributions You can contribute to your account before taxes. For 2022, the annual limits set by the IRS are $3,650 for individual coverage, and $7,300 for family coverage. If you’re age 55 or older (or will turn age 55 during the plan year), you can also contribute an additional $1,000 catch-up contribution. These limits include Caesar’s matching contribution of $250, $375, or $500 per year depending on whom you cover. You can contribute to your account before taxes, up to the $2,850 annual limit. Fund Availability You can use up to the total amount you have contributed to your HSA. The total amount of your annual election is available at the beginning of the plan year. Earning Interest The money in your HSA earns interest. The money in your FSA does not earn interest. Debit Cards Yes, a debit card is available. Yes, a debit card is available. Investment Option You can open an investment account when your balance reaches $1,000. You cannot invest your FSA balance.