Benefits 101

Pretax – FSA and HSA Programs (BA100)

Pre-tax programs that help employees to save for inevitable unreimbursed health care, such as Flexible Savings Accounts and Health Savings Accounts, are advantageous to employees. Not just in helping them save for that rainy day when insurance does not fully cover a service, but also due to the tax savings involved. However, there are specific rules that apply to these programs. Understanding these complex rules is important for any advisor, especially due to their prevalence: 17% of employers offered HSA programs in 2021, while 43% offered a Healthcare FSA. Sandy Wood will review the regulations affecting both of these pre-tax savings programs, outlining their similarities and differences.
Take-aways or learning outcomes
• An understanding of which companies may have certain employees restricted from participating
• The similarities and differences between these pre-tax funding programs
• Two main Healthcare Flexible Spending Account programs most commonly used by employers
• Special rules for Health Savings Accounts, such as catchup contributions and the last month rule

  • About Sandy Wood Learn More
  • About The Benefits Academy Learn More
  • Table of Contents
  • Presentation
  • Supporting Documents
  • Pretax - FSA and HSA Programs
  • 01 Tax Savings and Eligibility
  • Pretax-FSA and HSA_QUIZ01
  • 02 Contributions
  • Pretax-FSA and HSA_QUIZ02
  • 03 Eligible Expenses
  • Pretax-FSA and HSA_QUIZ03
  • 04 Special FSA Notes
  • Pretax- FSA and HSA_QUIZ04
  • 05 Special HSA Notes
  • Pretax- FSA and HSA_EXAM_FINAL
  • BA100_Course_Survey
  • Contact Sandy Wood Learn More
Completion rules
  • You must complete the units "01 Tax Savings and Eligibility, Pretax-FSA and HSA_QUIZ01, 02 Contributions, Pretax-FSA and HSA_QUIZ02, 03 Eligible Expenses, Pretax-FSA and HSA_QUIZ03, 04 Special FSA Notes, Pretax- FSA and HSA_QUIZ04, 05 Special HSA Notes, Pretax- FSA and HSA_EXAM_FINAL"
  • Leads to a certificate with a duration: Forever