Richard Cox is a new employee at Big Tech Computers. He is debating whether he should enroll in a POP with the opportunity for an FSA or an HDHP with an opportunity for an HSA. The POP premium is $550 per month and the annual deductible is $400. For the HDHP, the monthly premium is $175 and the annual deductible is $1,400. Explain the options of each to Richard.