Tax year...hsa...fsa...change

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exit_r
Posts: 40
Joined: Tue Dec 29, 2015 9:25 am

Tax year...hsa...fsa...change

Post by exit_r » Tue Jan 16, 2018 5:31 pm

Health coverage is changing up between my company and my spouses company. I am moving to my company's coverage and my spouse is staying with our child with her company. We have FSA with spouses company under a plan year that end 6/30/18(we will stop FSA as well) I will take coverage with my employer 7/1/18 and opt for the high deductible plan with HSA. My spouse will remain with her company but without the FSA.

Question is, can I do this FSA shut down 6/30 and HSA start up 7/1 in the same tax/calendar year. Tax rules are for tax year (CY) and our healthcare changes are FY based which runs July-June.

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