Does a HSA account have to be under a cafateria plan to be tax exempt?

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No it does not. If you make a contribution to an HSA account (assuming you have a qualified plan) that contribution is tax deductible from federal and most states taxes. Obviously you need to understand the max contributions and other limitations.

However you de need to be careful if you have both a cafateria plan and an HSA as there are very specific rules about the use of two tax exempt plans at teh same time.

First answer by Critmark. Last edit by Critmark. Contributor trust: 266 [recommend contributor]. Question popularity: 16 [recommend question]

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