My base retirement income (I’m 62, hubby is 54) annually is $46,800. Does that mean I can dump $2K (1,800) into an FSA?
First, I am not a tax expert, so take what I say with a grain of salt and do your homework. That aside, you do not want a FSA. Those are the use-it-or-lose-it plans. An HSA you keep until it is all used up. The limits are on how much you can contribute and when. You won’t be able to contribute more after you go on Medicare, but you can still use it for medical expenses.
There is an Obamacare cliff, where if you make $1 too much, it could cost you thousands because you lose the entire subsidy. $46800 was just about the exact amount the last year I was on Medicare, but again, check it for yourself. An accountant told me that they see people every day who get burned by this.
BTW, when I was on COBRA, I paid the premiums out of my HSA. You could not use it to pay any other premiums, just COBRA. If you already have an HSA, that might help you, but check it for yourself. HTH.