How does an FSA work in conjunction with an HSA?
• According to IRS rules, you must first use your HSA funds to pay for covered medical expenses that apply to the deductible in your HDHP. Your FSA may be used to reimburse dental, vision, over-the-counter medications and other expenses not covered by your HDHP and any co-payments required after you have met the deductible and before your HDHP pays 100% of covered expenses. To be eligible for an HSA, expenses applied to the deductible must be paid by your HSA before you may use FSA dollars.
Related Questions
- 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?
- What will happen on January 1st, 2009 that will prevent me from processing an FSA/HSA card for my customers?
- How does an FSA work in conjunction with an HSA?
