Our little one just started in part time daycare and it sounds like an FSA could help save us money in paying for them. Some information:
- I run my own company and my wife is also employed by the company
- I already have an HSA that I max out every year. My wife does not have one as her health plan doesn't allow it.
- Day care costs are about $3,800/year (it's only part time)
- We're in the top tax bracket
Questions:
1) Are we allowed to have a Dependent Care FSA if I already have an HSA?
2) Do I have to start one as part of my company or can I just get an independent one somewhere from a bank or something?
3) Does anyone have a recommendation on how/where to start one?
Thanks in advance!!