Can You Have a FSA if Your Spouse Has an HSA 2019?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

IRS rules for spouse HSA and FSA

If your spouse has an HSA in 2019, you may wonder if you can have an FSA. The answer to this question lies in the rules set forth by the IRS regarding Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs).

Here's what you need to know:

HSAs and FSAs key eligibility rules

• HSAs and FSAs are both tax-advantaged accounts that help you save money on medical expenses.
• An HSA is associated with a high-deductible health plan, while an FSA does not require a specific type of health plan.
• If your spouse has an HSA, you are not eligible to have a Health Savings Account in your name as well.
• However, you can still have an FSA even if your spouse has an HSA.
• Keep in mind that there are limits to how much you can contribute to both an HSA and an FSA each year.
• It's essential to understand the rules and restrictions surrounding HSAs and FSAs to maximize your healthcare savings.

If your spouse has a Health Savings Account (HSA) in 2019, you might be curious about the possibility of having your own Flexible Spending Account (FSA). Fortunately, you can have an FSA even if your spouse has an HSA, as the two accounts serve different purposes and are governed by different rules.