You may not be eligible to make contributions to an HSA if you are currently covered under a Flexible Spending Account (FSA) or a Health Reimbursement Arrangement (HRA) that provides duplicate coverage of the HSA. However, if you have an FSA or an HRA, you will be eligible to participate in an HSA if:
- Your FSA or HRA repays or reimburses only vision, dental, or preventive care expenses.
- Your FSA or HRA is a high-deductible arrangement that pays or reimburses health-care expenses only after the minimum annual HDHP deductible has been satisfied.
- You suspend your HRA for a period of time by electing to forgo reimbursement of HRA benefits that you incur during the suspension period (your employer can continue to make contributions during the suspension period).
- Your HRA is a retirement HRA that reimburses medical expenses you incur once you retire (although contributions can be made before you retire).