I turn 65 in October of this year and am thinking of applying for Medicare part A while I stay on my company HDHP. I have a family HSA account which I believe my contribution limit is 8750 plus $1000 Catch up, totaling 9750 I currently plan on depositing 7K to my plan this year via my payroll deductions. My 63 year old Wife does not work and is not on SS or Medicare and is covered my my work plan. My understanding is my limit for this year would be limited for 9 months, (9750/12) x 9 or 7312.50 which is under my planned contribution. Does it make any difference if part of my contribution would be made after my October 20 birthday? IF so, do I need to stop my payroll contributions by my company prior to 10/1? Would this be considered a life event thus allowing changes during the year? My understanding is I can still open a separate outside HSA for my wife until she is 65 and deduct contributions. Do I understand correctly? Thanks
