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Author Topic: HSA, HRA and changing coverage mid-year  (Read 1827 times)

SavingMoney

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HSA, HRA and changing coverage mid-year
« on: November 01, 2015, 06:12:13 PM »
My wife is currently in open enrollment and we are considering a HDHP for the 2 of us. The company will contribute $2000 to an HSA and she can contribute additional funds to the account.

She is also planning on leaving work sometime early next year at which point we will switch to coverage through my employer.  My company offers a plan with an HRA which they will contribute $2500 total for the 2 of us.

My question is, can we do this?  It seems like it would be an easy $2000 bonus plus any additional that she can invest and then take with her when she leaves. I'm unclear on the rules of using it after we switch plans.  I've read several notes about these HSA/HRA accounts and it seems there could be a a conflict in some situations. 

As a side note I am also be eligible to contribute to an FSA but I think that would muddy the waters even more with an already confusing scenario.

Thanks for any advice!
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MDM

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Re: HSA, HRA and changing coverage mid-year
« Reply #1 on: November 01, 2015, 10:37:21 PM »
SavingMoney, welcome to the forum.

See https://www.irs.gov/publications/p969/ar02.html#en_US_2014_publink1000204025 (really, the whole document but that's a good place to start).  Also http://forum.mrmoneymustache.com/taxes/hsa-with-hdhp-that-has-attached-hra-oh-and-an-fsa-too/.

Must be that time of year.... :)
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