Can You Have an HSA and an FSA at the Same Time?

Many people wonder if they can have both a Health Savings Account (HSA) and a Flexible Spending Account (FSA) at the same time. The short answer is yes, but with some limitations and considerations.

Both an HSA and an FSA are valuable tools to help you save money on healthcare expenses, but they have different rules and benefits. Here's what you need to know:

• You can have an HSA and a Limited-Purpose FSA at the same time.
• You cannot have a traditional FSA and an HSA at the same time, as they have overlapping features.
• If you have both an HSA and an FSA, you need to be aware of the rules and limitations to maximize your benefits.

Combining an HSA and an FSA can offer additional flexibility in covering your medical costs and saving for the future. However, it's essential to understand how each account works and stay within the IRS guidelines to avoid any penalties.

Are you curious whether you can juggle both a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? The answer is a resounding yes, but let's explore the conditions associated with this financial duo!