It’s that time of year again! The 2019 Health Insurance Open Enrollment period for the ACA Individual market starts November 1st and closes December 15th. Once the enrollment period passes, individuals will not be able to enroll in a health plan again until the next open enrollment or a qualifying event occurs during the plan year. Qualifying events typically include Marriage, Divorce, Employment Status Change, a Birth, or a Death in the immediate family. Employer Group Health Insurance is a little different, as open enrollment is based on the plan anniversary date, but typically follows the same rules.

A common topic of discussion during this time of year relates to Health Spending Account (HSA) and Flexible Spending Account (FSA) benefits. We created this handy chart to break down the biggest differences, so you can better decide which option works best for you!

fsa hsa

It’s important to note that contributions to both accounts are pre-tax and have differing contribution limitations. You may not know this, but the IRS is actually the organization that decides which expenses are eligible for each type of account. More information can be found on If you have other questions about your health insurance policy, be sure to reach out to our Health Insurance Specialist via our department email - This email address is being protected from spambots. You need JavaScript enabled to view it.!