Introduction to HSA and FSA Accounts

When it comes to managing healthcare costs, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most powerful tools at your disposal. Both are tax-advantaged accounts that allow you to set aside pre-tax dollars specifically for eligible medical expenses. While they share some similarities, each has its own rules and benefits, making them invaluable for individuals and families looking to manage healthcare spending smartly.

At Momentum Health 360, we are committed to making your wellness journey as accessible and flexible as possible. That’s why we proudly accept both HSA and FSA cards for eligible services and products. In the next few sections, we’ll break down how each of these accounts works and how you can leverage them on our platform.

What is an HSA?

A Health Savings Account (HSA) is a type of savings account that lets individuals with high-deductible health plans (HDHPs) set aside money on a pre-tax basis to pay for qualified medical expenses. The funds contributed to an HSA are not subject to federal income tax at the time of deposit. This allows you to reduce your overall taxable income while earmarking funds for healthcare costs.

HSAs are particularly attractive because they are portable—your HSA stays with you even if you change jobs or health plans. Additionally, the money in an HSA can roll over year to year, and it can even be invested, allowing your healthcare dollars to grow over time. You can use HSA funds for a wide range of qualified expenses, from doctor’s visits and prescriptions to certain over-the-counter items.

What is an FSA?

A Flexible Spending Account (FSA) is another type of pre-tax account that you can use to pay for eligible healthcare expenses. Unlike HSAs, FSAs are typically offered by employers as part of a benefits package, and they are often “use it or lose it” accounts—meaning you must use the funds within the plan year or grace period, or forfeit what remains.

FSAs are a great way to budget for predictable healthcare costs throughout the year. You can use FSA dollars for a wide variety of expenses, including copays, dental care, vision care, and many of the same eligible items that HSAs cover.

How Momentum Health 360 Supports HSA and FSA Payments

At Momentum Health 360, we understand the importance of providing flexible payment options for our clients. Whether you’re accessing our telehealth services, purchasing prescription medications, or engaging in one of our wellness programs, you can use your HSA or FSA funds to cover eligible expenses.

Using your HSA or FSA card on our website is as simple as using any other credit or debit card. During checkout, you’ll have the option to enter your HSA or FSA card details, and the system will process the payment accordingly. We ensure that all eligible services and products are clearly marked, so you’ll know exactly what can be paid for using your pre-tax dollars.

Benefits of Using HSA/FSA with Momentum Health 360

By using your HSA or FSA funds with us, you can take advantage of several key benefits. First and foremost, you maximize your tax savings by using pre-tax dollars for healthcare expenses. Additionally, it offers you a convenient way to manage out-of-pocket costs without dipping into your regular budget. Finally, it ensures that you can access the wellness and medical services you need without