How FSA works with HSA

[Guest abv2004]

My wife enrolled to HDHP and opened HSA account starting from 01/01/2011 and can contribute up to $6150 during the year of 2011. I also included to this plan. We are both 55+

My company's enrollment starting from July 1, 2011 t0 June 30, 2012.

- Can I enroll to my company's Health plan? We have a PPO, Dental, Vision. I want to enroll as Employee Only, payment is much less, and I'm planning some dental work (implants, crowns, ...) during this year.

- Can I participate FSA?

If YES:

- How much I can contribute? (Company has a limit $5000)

- Can I claim not covered by insurances rest of Dental payment for implants, crowns, ...?

Thanks in advance

[Guest LMPett]

My wife enrolled to HDHP and opened HSA account starting from 01/01/2011 and can contribute up to $6150 during the year of 2011. I also included to this plan. We are both 55+

My company's enrollment starting from July 1, 2011 t0 June 30, 2012.

- Can I enroll to my company's Health plan? We have a PPO, Dental, Vision. I want to enroll as Employee Only, payment is much less, and I'm planning some dental work (implants, crowns, ...) during this year.

- Can I participate FSA?

If YES:

- How much I can contribute? (Company has a limit $5000)

- Can I claim not covered by insurances rest of Dental payment for implants, crowns, ...?

Thanks in advance

Since you are not the HSA account holder, you are allowed to be enrolled in another medical plan that is not a qualified high deductible health plan. Therefore, feel free to enroll in your company's health plan (without your spouse). She can still contribute the family HSA maximum because she still has family coverage under her HSA compatible health plan.

However, I would not enroll in the FSA. Most health care FSAs provide coverage for you and your spouse/dependents. Unless your company's FSA can specifically exclude your spouse or be deemed a "limited purpose" FSA, then your spouse will also have coverage under the health care FSA and her HSA contributions would become taxable due to her other health coverage.

If you are able to exclude her from the FSA or it is a limited purpose FSA (just dental and vision eligible), you could put in up to the limit. First you would file claims with your health plan(s) and then any expenses not reimbursed by the plan(s) could be submitted to the FSA. Or your wife could use her HSA account for your unreimbursed expenses. You cannot use the FSA and HSA for the same unreimbursed medical expense.