Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Im on the HDHP and participate in the Health Savings Account (HSA). Can I also participate in the Health Care Flexible Spending Account (FSA) through WageWorks?

0

You can have a FSA but it will be restricted. Under IRS regulations, people who have HSAs cannot have other medical insurance in addition to an HDHP. Technically, FSAs are considered an insurance plan; that is why people can pre-spend (e.g., spend the money before its been removed from the paycheck) out of their FSAs during the year. Therefore, the FSA is restricted to vision and dental expenses only for those employees that also have an HSA. It is an IRS requirement.

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.