[NotaKaren]

I learned today while my husband had his HSA and contributes the max. IRS rules will not allow me to have an FSA with my employer. That’s what they told me. Clear as mud

“Can I open and contribute to a Flexible Spending Account (FSA) if my husband has a Health Savings Account (HSA) and is contributing the maximum allowed amount?

I’m trying to understand if these two accounts can coexist within the same household, and if there are any restrictions or tax implications I should be aware of.

Would my participation in an FSA affect his HSA contributions or vice versa?

Any insights or experiences with managing both accounts together would be greatly appreciated.”

[Angela]

That’s OK open your own HSA and enjoy maxing it out. FSA money has an annual expiration date anyway.

If your employer doesn’t contribute to an HSA you get money back when you do your taxes.

I believe you need a high deductible health insurance plan, which you can also buy without your employer

[Sherri]

HSA’s are much better anyway.

[Bill]

True, but you can have a Limited Expense Health Care FSA (for dental and vision only).

Just not the regular FSA.

[Jeannette]

You would need to have your own high deductible health plan to be able to contribute to your own HSA. 1 HDHP =1 HSA

[Moore]

This is correct. Your husband’s job should have the option to open a limited FSA which can cover vision and dental expenses.

[Author]

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