Can You Have Both HSA and FSA? A Comprehensive Guide

Are you allowed to have both HSA and FSA? This is a common question among individuals looking to maximize their healthcare savings options. Let's delve into this topic to provide clarity on whether you can have both accounts.

Health Savings Account (HSA) and Flexible Spending Account (FSA) are both valuable tools that can help you save money on qualified medical expenses. Here's what you need to know:

• HSAs and FSAs have different eligibility requirements and contribution limits.
• HSAs are available to individuals with High Deductible Health Plans (HDHPs), while FSAs are typically offered by employers.
• While you can have both accounts, there are certain restrictions on how they can be used together.
• Here are some key points to consider:

• You can have both an HSA and a Limited Purpose FSA (LPFSA) or a Dependent Care FSA concurrently.
• You cannot have a traditional Health FSA and an HSA at the same time.
• If you have both an HSA and an FSA, it's essential to understand the rules governing their coordination to avoid any penalties or disqualifications.

In summary, while you can have both an HSA and FSA, it's crucial to be aware of the restrictions and guidelines to make the most of these savings options.




If you're navigating your healthcare savings options, you might be wondering, can you have both a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? The answer is yes—but with some important considerations to keep in mind!