I was unemployed for the beginning of 2024 and covered on my wife's family plan. We took out the max $3200 for the FSA through her work.
Now I am going to start a new job in February that has a single health plan which is HSA compatible. Will I not be able to contribute to the HSA this year because technically my wife has a $3200 balance in her FSA for 2024?
My desire is to contribute the absolute maximum amount that I can to the HSA.
I am aware of the concept of prorating the HSA contribution so I would only be eligible to contribute 11 months worth toward the max.
I'm just worried that deep in some IRS manual somewhere it says I can't contribute anything to the HSA because of that FSA existing through my wife's health plan.
Now I am going to start a new job in February that has a single health plan which is HSA compatible. Will I not be able to contribute to the HSA this year because technically my wife has a $3200 balance in her FSA for 2024?
My desire is to contribute the absolute maximum amount that I can to the HSA.
I am aware of the concept of prorating the HSA contribution so I would only be eligible to contribute 11 months worth toward the max.
I'm just worried that deep in some IRS manual somewhere it says I can't contribute anything to the HSA because of that FSA existing through my wife's health plan.
Statistics: Posted by jasmino — Thu Feb 01, 2024 8:30 pm — Replies 3 — Views 212
