Can an individual open an HSA and also enroll in a health care Flexible Spending Account (FSA)?

Employees cannot enroll in both an HSA and a health care FSA. If the employee is married, he or she may not make contributions to an HSA while covered by their spouse's health care FSA. The employee can only have a limited purpose FSA, if one is offered. Eligible expenses with a limited purpose FSA include most unreimbursed dental, vision and/or hearing care expenses (including expenses for dependents), and possibly out-of-pocket medical expenses incurred after the HDHP statutory minimum deductible has been met.

Introducing UMB HSA Saver

UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

How to Use ReceiptVault

HSAs are available to help pay for current qualified medical expenses as well as to save for future expenses, all in a tax-exempt account.

Take the guesswork out of HSA Administration

The UMB HSA empowers you with robust analytics, reporting tools and the communication support you'd expect from a top 10 HSA custodian