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Coordinating with Cafeteria &
Flexible Benefit Plans
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Flexible benefit plansor (FSAs) can
co-exist alongside of an HSA Plan, however individuals
should not pay for medical expenses out of the Flex
Plan (individuals may want to allocate money for dental
or vision in the flex plan.)
The HSA legislation allows for individuals
to contribute to an HSA through a cafeteria plan,
however not enough guidance was given on the subject.
In practice different Flexible Benefit administrators
are interpreting it differently. Some are not allowing
it, others are treating it like Insurance Premiums.
Before you setup your FSA / HSA contact Great Lakes
HSA and we will walk you through the process to ensure
you are compliment with the 223 regs!
