Can I Have a Limited FSA and an HSA with HDHP?

Yes, you can have a Limited FSA (Flexible Spending Account) and an HSA (Health Savings Account) along with an HDHP (High Deductible Health Plan).

Having both accounts offers you the flexibility to maximize your healthcare savings while enjoying various tax advantages.

Here's how you can have a Limited FSA and an HSA with an HDHP:

• Contribute to both accounts to cover different healthcare expenses.
• Utilize HSA for long-term savings and investment opportunities.
• Use Limited FSA for specific eligible expenses like dental and vision care.

By combining these accounts, you can benefit from:

• Tax deductions on HSA contributions.
• Tax-free withdrawals for qualified medical expenses from both accounts.
• Opportunity to roll over HSA funds year after year.

Absolutely! If you're enrolled in a High Deductible Health Plan (HDHP), you can take advantage of both a Limited Flexible Spending Account (FSA) and a Health Savings Account (HSA). This combination enables you to manage your multi-faceted healthcare expenses efficiently.