Thanks, CHAMP:
Your answer was the closet to what I thought I could do for 2021. However, Per the 2020 Publication 969... page 7 - "A qualified HSA funding distribution may be made from your traditional IRA to your HSA. ......... "The maximum qualified HSA funding distribution depends on the HDHP coverage (self-only or family) you have on the first day of the month in which the contribution is made and your age as of the end of the tax year. The distribution must be made directly by the trustee of the IRA to the trustree of the HSA......................"You can make only one qualified HSA funding distribution during your lifetime.
This is my scenario for 2021 and want to make the one time contribution as much as possible: HSA account is in my name. Only one account. Insurance and HSA is in my name and I currently have family HDHP insurance. My husband will go off my insurance in June (65) and move to Medicare. I will move to individual HDHP insurance in June. I will be 63 in December of this year. If I'm reading correctly - for 2021 - Since HSA is in my name - and as of this date/month (March, 2021) I have family HDHP - I can transfer $8,200 from my IRA to my HSA, with zero tax impact (Family Max including $1000 catch-up). Is this a true statement for tax year 2021? I don't want to contribute too much and cause tax consequences.
Thank You!
