- You can’t contribute to a Health Savings Account (HSA) and have a general purpose Health Flexible Spending Account (FSA) for overlapping months.
since the HSA contribution prorated per month (max per month 64) would only cover January and February and the FSA didn't start until July I see no problem with the HSA contribution provided the FSA does not cover medical expenses for the whole calendar year - only expenses for the fiscal year it uses) - never seen one that allows paying expenses incurred before enrollment but..................
from another source
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HSA Contribution for January and February:
- If you are eligible for a Health Savings Account (HSA) throughout January and February, you can contribute to your HSA during these months. The contribution limits for HSAs depend on factors such as your age and whether you have family or individual coverage.
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Enrolling in Your Employer’s Fiscal Year FSA:
- Your employer’s fiscal year FSA starts in July. If you choose to enroll in the FSA, you can do so even if you’ve contributed to your HSA in January and February.
- The HSA and FSA can coexist in the same year.
again this all depends on what period the FSA covers 2023 medical expenses. if starting in July your Ok if not.
asssuming the FSA does cover medical expenses incurred before it started
making the HSA an excess,
if you find yourself with excess contributions in your Health Savings Account (HSA) due to Flexible Spending Account (FSA) coverage, here’s what you need to know:
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Withdrawal Deadline:
- You can remove the extra HSA contributions by withdrawing them from your account before the deadline to file taxes. Additionally, any income earned on the withdrawn contributions during the year they were made must also be taken out, and this income is also taxable
