How does the health FSA grace period affect my eligibility to own/contribute to a health savings account (HSA)?
In general, if you, or your spouse want to be eligible to own/contribute to an HSA, you must have a zero balance in a general purpose health FSA by the end of your FSA plan year in order to be HSA-eligible on the first day of your new plan year.
How could the health FSA $500 carryover affect eligibility to contribute to a health savings account (HSA)?
In general, if you, or your spouse want to be eligible to contribute to an HSA, you must: 1) have a zero balance in your general purpose health FSA at plan year end, 2) elect to convert your general purpose health FSA to a limited purpose health FSA for the next plan year (for dental […]