@TaxGuyBill Thank you for your insight. Some follow up questions based on your response...
1) How would I make my HSA contributions through my employer to take advantage of the reduction of both income tax and FICA? Would I have to get in touch with HR and have them adjust my contribution amounts to my paychecks?
2) Our company is currently going through an open enrollment period. I don't anticipate using my HSA moving forward as it was initially opened to receive the medical allowance that my company offers. While it's nice to get the allowance, the insurance plan does come with a high deductible and I anticipate that for 2018, my medical expenses will be high. Therefore, I'm switching over to the Medical FSA because going this route gives me a much lower deductible.
My question is, how would I find out if having an FSA would disqualify my HSA contributions?
