FLEX SPENDING ACCOUNTS (FSA), HEALTH REIMBURSEMENT ACCOUNT (HRA) & HEAL SAVINGS ACCOUNTS (HSA):

Below is a chart comparing the limits, advantages and disadvantages of the three types of the three (3) main accounts. (Last updated: 10/10/22)

OF NOTE: On some special occasions due to foreign companies doing business in the US, special privileges or regulations for certain sectors granted by Congress, law changes and or grand fathered in laws some companies despite the name may be able to do more/less or have a hybrid despite the name of what they are being called. Additionally on the HSA if you have a high deductible plan some companies specialize in giving marketplace and other companies with less than 5 employees a loop hold to have HSA. 

DETERMING WHAT PLAN IS BEST FOR YOU?

WHAT DAVID MONLUX IS PROPOSING?

Combine the three (3) into an all purpose Health Account (HA). Set the contribution limit to $10,000 per individual and $15,000 per family. 

ALOWABLES ON THE PROPOSED HEALTH ACCOUNT (HA):