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Can I offer both a Health Savings Account (HSA) and an FSA?

April 26, 2017FSA Health HSA Offer savings account

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Can I offer both a Health Savings Account (HSA) and an FSA?

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• Federal regulations prohibit employees from participating in both a Health Savings Account (HSA) and a traditional Health Care FSA concurrently. Employers may add a Limited-Purpose FSA for HSA-Compatible High-Deductible Health Plan (HDHP) participants, which limits FSA reimbursements to dental and vision expenses only. It is possible for you to offer a Health Care and a Limited-Purpose FSA if you offer both a PPO and HDHP plan to accommodate all employees.