As long as you’re enrolled in a compatible high-deductible health plan (HDHP), you can enroll in an HSA at any time through the HSA app in your Zenefits dashboard. Your HSA’ s start date depends on when you enroll in your HSA.
If you enroll in an HSA managed by WealthCare Saver:
- on or before the 25th of the month, your HSA will start on the first of the following month.
- after the 25th of the month, your HSA will start on the first of the month after the next.
Note: Employees cannot enroll in a Health Savings Account (HSA) and a Flexible Spending Account (FSA) or a Health Reimbursement Account (HRA) at the same time. If an employee would like to enroll in both HSA and FSA, the employee should enroll in the Dependent Care FSAand the Limited Purpose FSA and the HSA. They should not enroll in both the HSA and Medical FSA account.