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V
vmcmullian
June 1, 2019
Question

I am 62, retired and am contributing to an HSA. My spouse will turn 65 and be going on Medicare in May. What is my maximum allowable contribution into my HSA?

  • June 1, 2019
  • 5 replies
  • 0 views
No text available

5 replies

O
Opus 17
Employee
June 1, 2019
What is your and your spouse's medical insurance coverage now?  Does your spouse have an HSA?
V
vmcmullianAuthor
June 1, 2019
I have a high deductible plan with my x-employer.  My spouse is a dependent on that plan.  The HSA is in my name, my spouse does not have an HSA.
O
Opus 17
Employee
June 1, 2019
Will you drop to single coverage in May when your spouse goes on Medicare, or will you keep the family coverage with Medicare secondary?
V
vmcmullianAuthor
June 1, 2019
I will drop to single coverage in May but my high deductible plan will cover my spouse as secondary coverage
O
Opus 17
Employee
June 1, 2019

Your eligible contribution is figured this way

Jan $6900 + $1000 catch-up

Feb $6900 + $1000

March ditto

April ditto

May $3450 + $1000

June

.

.

.

December $3540 + $1000

Total $67200 divided by 12 = $5600.

Since an HSA account is in one person's name only, you can't take advantage of her catch-up provision.  But she could contribute $1000 X 4 / 12 = $333 into a separate HSA account in her name.

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