@NCperson wrote:
@Dan149 - and the 'proration' should be $7300 / 12 * the number of months prior to the marriage. (assuming you are under 55)
@Mike9241 thoughts?
You can always spend money from the HSA, you are just not eligible to contribute if you are covered by an FSA. You are "covered" by your spouse's FSA once you get married, because an FSA can be used to pay medical expenses for the owner, a spouse, or their dependents.
(I assume, that since you have a job with an HDHP, you are not currently a tax dependent of your fiancee, so you are not covered currently by the FSA but will be covered once you are married.)
We are also assuming that if you are on a family HDHP, that means you and at least one other dependent who is not your fiancee (such as your child together).
Eligibility is determined on the first day of the month, so if you get married after October 2nd, you would be eligible for 10 months of contributions which is 7300/12 x 10 = $6083. You can make these contributions any time during the year, including after you are married, as long as your annual total does not exceed your eligibility.
Your marriage may count as a "qualifying event" that would allow your fiancee to terminate their FSA immediately. If you marry in October and your new spouse is allowed to terminate their FSA before November 1, then you would have full eligibility to contribute to the HSA for the entire year.
Finally, if you and your spouse are covered by an HDHP and have no other disqualifying coverage (such as, starting January 1, 2023 under your outline), then both you and your spouse are eligible to contribute to separate HSAs, as long as you don't exceed the combined family maximum. She is allowed to contribute if she is "covered" even if she is not the policy owner. You will get a slightly larger tax benefit for making contributions by payroll deduction compared to making out of pocket contributions and taking the tax deduction on your tax return, but there may be strategic or personal reasons why you would want to each have separate accounts. Remember that an HSA is an individual account, you can't have a joint HSA, but you can each contribute to a separate HSA.
