We were covered under my husbands medical and have an FSA through my work. My husband is going part time so we are enrolling in my companies medical plan which is a HDHP. To date I have contributed 1150 into the FSA and have been using it for medical, dental and vision reimbursements. We still have roughly $350 in the account.
My questions is, can we continue to contribute to the FSA and use it for medical now that we are moving to the HDHP or do we lose out on the balance? My company does not have a limited FSA, only full FSA or HSA. My understanding is that I can't switch mid year to the HSA.
Jan 1-June 30: Regular medical with FSA
July forward will be the HDHP
Thank you in advance for you response.
