Can I Have an HSA While My Spouse Has an FSA?

Yes, you can have a Health Savings Account (HSA) even if your spouse has a Flexible Spending Account (FSA). Both HSA and FSA are tax-advantaged accounts that help you save money on qualified medical expenses, but they have different eligibility criteria and rules.

Here are some key points to consider:

• You can have an HSA and your spouse can have an FSA simultaneously.
• Your spouse's FSA enrollment doesn't impact your ability to have an HSA.
• You can't contribute to both an HSA and a general purpose FSA at the same time.
• If your spouse has a Limited Purpose FSA, you may still be eligible for an HSA.
• Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses.
• Funds in an FSA generally must be used by the end of the plan year or you lose them, while HSA funds rollover year after year.

Absolutely! You can maintain a Health Savings Account (HSA) while your spouse utilizes a Flexible Spending Account (FSA). This means that while your partner enjoys the benefits of FSA, you can still build your savings with an HSA for future medical expenses.