This is for year 2022. We have had one HSA account under my name that we contribute to (It says family account on it but is under my name only). We have never went over the allowable amount for one person. Both my wife and I are retired and we put money in monthly. The problem is I already contributed $4500 thinking we had up to $7300. This year in Sept, I go on Medicare. From what I understand I can do 8/12 of 3650= 2433.33 & 8/12 of $1000 catchup contribution= 667. Total $3100.
We are going to open an HSA account for my wife (total of $4650 with catchup contributions). Between hers and mine the total can be $7750. My question is can one account be over, but the total between the two equals the allowed amount without getting penalized. It is my understanding you cannot transfer from one account to another.
How do I fix this possible mess
