1) speak with your tax person regarding tax benefits. Very few Insurance agents are also tax professionals and while we can give a brief overview it is best to deal with an expert
2) You are making decision for a health plan based on the tax consequences? Seriously? I suggest that you first select the most cost effective plan that makes sense for you and your family. Almost every day we get a call from someone who was "healthy" and now due to illness or accident is looking at the wrong end of a very large bill BUT tax wise it looked great.
Choose a good plan first then consider how it effects you tax wise.
In 2016 if you are part of a high deductable health plan then an HSA allows before taxes contributions for a single person of $3,350 and a family to set aside $6,750. That amount includes both employee and employer contributions to the plan. The great part of an HSA is that you can roll over any used portion each year.
You do not need to be part of a high deductable plan for the FSA. The maximum befoe tax contributions are $2,550 per person. The FSA does not allow for you to roll over any unused prtion, so youy only want to set aside what you are fairly sure you will use.
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