In future, you should ask Photoshop questions over at https://graphicdesign.stackexchange.com/ instead.
To answer your question, there is no way I'm aware of. It is not like After Effects where you can use inverted track mattes (top layer effects bottom layers transparency).
All I can suggest is the quickest workflow, which is to alt+drag the layer mask over, then alt+click it then alt+i to invert. Should take about 5 seconds.