@BillM223 Re: HSA Contributions
Thanks for the fast response. To clarify, I will intersperse my answers below:
First, what was the type of HDHP policy? Was it originally Family, then changed to Self-only when you went on Medicare? Or did you keep the Family HDHP policy because there was someone else on it? What matters is what the HDHP policy was, not the particular arrangement of you and your spouse.
I need to talk to my insurance carrier and get clarification this. The policy definitely had both of us on a joint policy originally. My intention was to after I remove myself from a it was a single policy for her. However the insurance company still identifies it by my name. Show, I'm not completely divorced from it. I need to call in and get clarification
Second, there is no such thing as a "family HSA". Every HSA is owned by an individual. Yes, the fact that you both can contribute to your HSA and you can spend money our of the HSA for both of you makes it seem like a family HSA, but it's not. The HSA belongs to one or the other of you. Furthermore, even if you have an HSA, your spouse could have one, too. How I answer you question will depend on whether or not you both have HSAs or not.
Thank you for explaining that. The HSA was in my name only. I was confused about this, and clicked the box in turbotax indicating that we both had HAS’s. I bet that is why it gave a nonsensical solution.
Also note that when you go on Medicare, your HSA doesn't go away, you are simply unable to contribute to it anymore. You can still spend money out of it.
Understood.
Did your wife open her own HSA when you went on Medicare?
She did not, because we are getting confusing information about this. It is my understanding that she has until tax filing date in rule to do this for 2021.
Mike
