downesdn

Similar issue. Trying to find out if something such as having an FSA with an HDHP would work out while in mid year, and then switch next calendar year to a full HSA. I think the reasoning behind not being able to contribute to both is because your entire amount of contributions for an FSA is available to you as soon as the calendar year starts. So if your job terminates in January and you had set up 2k to go to the FSA, you'd be eligible to use up all of that 2k immediately if you wanted to

I'd also like to know, if I can't contribute to an HSA, can I still get an FSA with the new company and enroll in the HDHP? If I can't make contributions to the HSA, will my employer still be able to make their contribution to the HSA that gets set up for me? And then can I use both funds from either the FSA or the employer's contributions to the HSA to pay for qualified medical expenses until the end of the year? Assuming this is all applicable, in 2017, I would enroll only in the HSA and contribute only to the HSA and not the FSA.

My employer is merging with another company and our benefits are to be terminated soon and then picked up by the different benefit providers by the new company. I currently have an FSA and the other employer's most attractive medical plan is the HDHP with the HSA. I believe my FSA at my current company is subject to use it or lose it when my job officially terminates. I won't have enough medical expenses to use up hardly any of my FSA at the moment since this is occurring in January, but I'd like to contribute to a pre-tax health savings account this year, as I'll need it eventually. When my FSA terminates, I'm assuming I'll forego any funds that are left in the balance of my FSA, but am I able to enroll in the HDHP with the new company and begin contributing to an HSA?