I wanted to contribute to a Medical FSA account for 2014 through my compnay for the tax advantages, but am under a Medical Insurance plan through my wife's company. When I called my company's plan, some of the service people said that I could not contribute to the FSA unless I was enrolled in the company's health insurance as well...could this be true?Maybe yes, maybe no. Tax law doesn't require it, but tax law basically leaves the rules up to the employer. See Pub 969. I suggest you dig until you find an official written recitation of the rules.Also, the limit for 2014 is $2500, but does that mean my wife and I can each (separately) contribute $2500 since we work at different companies?Yes.PhilRule Your Retirement Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra