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18 <br />Spending Accounts (FSA) is December 1-November 30, while all other plan years, including <br />Health insurance, are January 1 to December 31. If the County implements a Health Savings <br />Account, it will be advantageous -to change the Flexible Spending Account Plan Year to the <br />same dates as the Health Insurance Plan Year to align the FSA and HSA plan years. The new <br />FSA Plan Year would be January 1-December 31. To ease the administrative burden of a one- <br />mo.nth Plan Year, employees who elect an HSA, effective January 1, 2012, would only have <br />access to remaining funds through the previous FSA plan year's-grace period (up to December <br />31, 2011). All expenses would need to be incurred prior to December 31, 2011 to remain <br />compliant with federal laws_ <br />Some of the key differences between the two accounts as shown below: <br />Comparison of Flexible Spending Account and Health Savinas Account <br /> Medical Flexible Health Savings Account <br /> S endin Account <br />Use it or lose it Yes No <br />Coun contributes No Yes <br />Em Io ee contributes Yes Yes, but not re wired <br />Day care spending <br /> <br />account available Yes No <br />Pre-tax benefit Yes Yes <br />Maximum Total $3 <br />000 $3 <br />100 <br />Contribution Individual , , <br />Maximum Total $3 <br />000 $6 <br />250 <br />Contribution Famil , , <br />Other Doesn't require High Available only with High <br /> Deductible Medical Plan Deductible Medical Plan <br />A-16 <br />