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HSA / FSA Married Couple Question
Posted on 1/8/20 at 6:35 pm
Posted on 1/8/20 at 6:35 pm
I’m having trouble finding an answer to my predicament. I’m married with 3 children. My spouse and I are both employed. I insure myself and children through my employer in a typical PPO health plan. My wife is insured through her employer in a High Deductible plan. She has a HSA through her work.
I put in $2700 in my FSA this year in anticipation of getting LASIK. It turns out I’m not a candidate though.
Can I use this FSA money to pay for any of my wife’s eligible expenses? Or am I forced to use her HSA?
Based on my research, it seems I can, but I’m unsure how her high deductible / HSA plan changes things.
I put in $2700 in my FSA this year in anticipation of getting LASIK. It turns out I’m not a candidate though.
Can I use this FSA money to pay for any of my wife’s eligible expenses? Or am I forced to use her HSA?
Based on my research, it seems I can, but I’m unsure how her high deductible / HSA plan changes things.
This post was edited on 1/8/20 at 6:40 pm
5
Posted on 1/8/20 at 7:00 pm to KingofZydeco
You should be able to use your FSA debit card to pay the bills, or pay them differently and submit a claim to be reimbursed.
The only thing I'm not sure about is if the FSA would reimburse you for money spent from her HSA. I suspect not.
The only thing I'm not sure about is if the FSA would reimburse you for money spent from her HSA. I suspect not.
Posted on 1/8/20 at 8:04 pm to KingofZydeco
I have an HSA and the only thing I can use my FSA for is dental or eye expenses.
Posted on 1/8/20 at 8:27 pm to KingofZydeco
You can use it on any of your covered dependents including your kids and wife. The thing to be careful is that combined y’all don’t exceed the contribution limits established by the IRS.
Posted on 1/8/20 at 10:28 pm to MSTiger33
quote:
I have an HSA and the only thing I can use my FSA for is dental or eye expenses.
Correct. It's called a limited purpose FSA.
Your HSA is in effect standing in for the medical portion of the FSA so that's why it's limited.
This post was edited on 1/8/20 at 10:29 pm
Posted on 1/9/20 at 8:14 am to KingofZydeco
Do you have a limited purpose FSA? I thought if one spouse had an FSA then the other spouse was ineligible for an HSA unless it was a limited purpose FSA. FSAs cover your entire family, even if they aren't covered by your insurance, so that makes your wife ineligible for an HSA if you have a regular FSA. Maybe someone can correct me if I'm wrong.
Posted on 1/9/20 at 9:00 am to KingofZydeco
All the limitations on FSA, HSA, what can go in, etc, are all on the front end, dealing with contributions.
Once the money is in the account, you can spend it on any eligible stuff for you, spouse, or dependents.
Once the money is in the account, you can spend it on any eligible stuff for you, spouse, or dependents.
Posted on 1/9/20 at 12:33 pm to LSUFanHouston
I did some more research and found this....
quote:
If your spouse has an individual policy and no other insurance and you are otherwise qualified (see above), you are eligible to have an HSA. However, if your spouse participates in an FSA you would not be eligible for an HSA. The reason for this is you are not eligible for an HSA if you are covered by “other insurance”.
Even though you are not covered by your spouse’s health insurance, the IRS has determined that your spouse’s FSA is considered “other insurance” that makes you ineligible for an HSA. An exception to this rule exists for limited purpose FSAs (those that cover vision and dental expenses only) and you would be eligible for an HSA if your spouse had a limited purpose FSA.
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