I'm self-employed (sole proprietorship), so my spouse and I have been receiving medical coverage through her W-2 job. My spouse was recently laid off and we plan to continue our high-deductible plan coverage through COBRA, at least for the short-term (her employer is subsidizing the employer cost for a period).
Can we still contribute to a health savings account (HSA) if on a qualifying HDHP through COBRA? Do we have to use my spouse's existing HSA provider or can we choose to fund an HSA through another provider?
I recognize that even if we can still contribute to the HSA, we are not realizing the full tax savings, as an employer sponsored HSA also reduces FICA/payroll taxes.
Can I also deduct the COBRA premium payments as a small business owner?
