My wife and I both work for the same company. Since she started worked there, she remained on my benefits and she did not enroll in anything herself. Are there any advantages to her coming off of my coverage and on her own? We also have a toddler in daycare, so curious if we can take advantage of two FSA accounts for daycare?

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Think that depends on your company - reach out to HR and ask

Hmm that's tough. Since you are married to each other then it money coming from the same household either way

Yes, I'd say definitely reach out to HR and they can talk through the benefits or downfalls of her doing that. Every company has such different benefits that it's hard to speak to your situation without knowing your company. You could also see if your company has a specific bowl and ask there too. :)

For medical, the big question I would have is whether or not they lunker you together for determining amounts paid for family deductible and out of pocket amounts. If they aren't linked, and depending on your specific use case and premium costs, that could be a large impact justifying merging together.

If she enrolls in a high-deductible health plan (HDHP), she may be able to save money on her premiums. She can then contribute to an HSA, which is a tax-advantaged account that can be used to pay for medical expenses.

You can have 2 DC FSAs but the IRS makes you share the $5k annual max contribution so each of you can do $2.5k or 1 of you can do $5k.

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