Ed Zurndorfer Helps Federal Employees Understand the difference between HCFSAs and HSA
FedLife Podcast (ep. 16): Comparing Health Savings Accounts (HSA) to Health Care Flexible Spending Accounts (HCFSA)
Healthcare Flexible Spending Accounts (HCFSAs) may seem similar to Health Savings Accounts (HSAs), but there are some pretty major differences that set these accounts apart. In this episode, Dan Sipe speaks is joined once again by federal benefits expert Ed Zurndorfer to uncover the purpose of HCFSAs, how they stand up against HSAs, and reasons for choosing this federal benefit. In this episode, you will learn:
- Why you can be reimbursed for your medical travel with your HCFSA
- Why you can’t be enrolled in both an HSA and an HCFSA
- What a health reimbursement account is and who is eligible
- How to use HCFSAs to reduce expenses
- And more!
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