Q. Can I contribute to HSA and my spouse contribute to FSA at the same time?
A. First of all, you cannot contribute to HSA and FSA at the same time. If you did it and later on audited by IRA, you will face penalty.
Now for your specific question, if your spouse has a limited FSA, then you can qualify for your own HSA.
It's important to note that your spouse's limited FSA cannot cover your expenses.
If you try to open both HSA and FSA accounts and later audited by IRS, you will face penalty.
A. First of all, you cannot contribute to HSA and FSA at the same time. If you did it and later on audited by IRA, you will face penalty.
Now for your specific question, if your spouse has a limited FSA, then you can qualify for your own HSA.
It's important to note that your spouse's limited FSA cannot cover your expenses.
If you try to open both HSA and FSA accounts and later audited by IRS, you will face penalty.
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