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No, in order to have a Flexible Spending Account (FSA), you must be enrolled in a qualifying health insurance plan.

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AnswerBot

6mo ago

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Related Questions

Is it possible for me to enroll in an FSA without having health insurance?

No, you must have health insurance to enroll in a Flexible Spending Account (FSA).


Can you enroll in a Flexible Spending Account (FSA) without having health insurance?

No, you typically need to have a health insurance plan to enroll in a Flexible Spending Account (FSA).


Can you have a Flexible Spending Account (FSA) without having medical insurance?

No, you typically need to have a qualifying high-deductible health insurance plan to be eligible for a Flexible Spending Account (FSA).


Is the cost of my spouse's insurance premium reimbursable through my flexible spending account?

Yeah, the cost simply reimbursable through your flexible spending account. I guess that that's just reality


Is it possible to transfer funds from a Flexible Spending Account (FSA) to a Health Savings Account (HSA)?

No, it is not possible to transfer funds from a Flexible Spending Account (FSA) to a Health Savings Account (HSA) as they are separate types of accounts with different rules and regulations.


Which type of health insurance plan has a use-it-or-lose-it feature?

flexible spending account


Is it possible to have an FSA without insurance?

Yes, it is possible to have a Flexible Spending Account (FSA) without insurance. FSAs are accounts that allow individuals to set aside pre-tax money for eligible medical expenses, regardless of whether they have insurance coverage.


What are the eligible expenses for a limited flexible spending account?

Eligible expenses for a limited flexible spending account typically include medical and dental expenses that are not covered by insurance, such as copayments, deductibles, and certain over-the-counter medications.


Is it possible to get an individual Flexible Spending Account FSA as an independent contractor 1099?

An independent contractor can get a Flexible Spending Account (FSA) if they meet the qualifications to have an FSA. They must be covered under a high deductible health insurance plan and have no other health coverage. They can not be enrolled in Medicare or be claimed as a dependent on anyone's taxes.


Can you have an Flexible spending account if you are on Medicare?

yes


Can you use an FSA or HSA to pay for your insurance premiums?

No, you cannot use a Flexible Spending Account (FSA) or Health Savings Account (HSA) to pay for insurance premiums. These accounts are typically used to cover eligible medical expenses, not insurance premiums.


Is it possible to have both an HSA and FSA in the same year?

Yes, it is possible to have both a Health Savings Account (HSA) and a Flexible Spending Account (FSA) in the same year, but there are restrictions on how they can be used together.