question about Flex Spending Accounts

Quiksilver620

I take out the max for dependant care flex spending, which is $5,000. I also take out $350 for the health care flex spending for copay, med the usual.

This might be a dumb question, but DH just got a new job which is why I ask.

If DH doesn't take his new employers insurance and stays covered under mine, can he still put money in his own health care flex spending or would he need to be on his company's insurance to qualitfy?

blublusher

He does not need to be on his company's insurance to take advantage of his company's FSA plan

rc1276

As far as I understand it, the FSA is unrelated to insurance. I think he should be fine to contribute to his FSA whether he's on your insurance or not.

 

 

JandR07

ditto what pp said. We take my health insurance. Dh's comes with an FSA plan that includes 1600 from his employer. So we still get that even though we don't take the insurance and we can contribute extra to that if need be.

easyBreezie

blublusher:

He does not need to be on his company's insurance to take advantage of his company's FSA plan

cobi166

Previous posters are correct, he does not need to be on his company's insurance...However, I think that there is a family maximum that can be contributed to daycare flexible spending, which is $5000.  So even though he can enroll in his, you are already maxed out.  I think the same is for healthcare FSA, but you aren't maxed out for that yet so he can contribute more through his employer.  You should ask your benefits/HR department to be sure.

cchill01

You shouldn't need to.  That's exactly what we do with ours.  I have Dependent flex and all benefits through my work.  DH has life insurance and health care flex through his.

ella.mabel

cobi166:

Previous posters are correct, he does not need to be on his company's insurance...However, I think that there is a family maximum that can be contributed to daycare flexible spending, which is $5000.  So even though he can enroll in his, you are already maxed out.  I think the same is for healthcare FSA, but you aren't maxed out for that yet so he can contribute more through his employer.  You should ask your benefits/HR department to be sure.

 This is correct.  For daycare flexible spending, there is a family max of $5000.