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I had FSA account with one company and switch to another company. My FSA is terminated at the same day as the employment. Am I eligible for HSA with my new company?

I changed the job in the middle of the year

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Accepted Solutions
TomD8
Level 15

I had FSA account with one company and switch to another company. My FSA is terminated at the same day as the employment. Am I eligible for HSA with my new company?

Yes, as long as your general purpose FSA and HSA don't overlap, and (if you're married) as long as you're not eligible under your spouse's FSA.

You can't contribute to an HSA and have a general purpose FSA for overlapping months.

If you are eligible for medical expense reimbursement under a spouse's FSA, you are disqualified from contributing to an HSA.

Your new company's benefits officer should be able to answer any other questions.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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1 Reply
TomD8
Level 15

I had FSA account with one company and switch to another company. My FSA is terminated at the same day as the employment. Am I eligible for HSA with my new company?

Yes, as long as your general purpose FSA and HSA don't overlap, and (if you're married) as long as you're not eligible under your spouse's FSA.

You can't contribute to an HSA and have a general purpose FSA for overlapping months.

If you are eligible for medical expense reimbursement under a spouse's FSA, you are disqualified from contributing to an HSA.

Your new company's benefits officer should be able to answer any other questions.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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