topic Will you drop to single coverage in May when your spouse... in Retirement tax questions

I am 62, retired and am contributing to an HSA. My spouse will turn 65 and be going on Medicare in May. What is my maximum allowable contribution into my HSA?

vmcmullian — Sat, 01 Jun 2019 11:08:16 GMT

What is your and your spouse's medical insurance coverage...

Opus 17 — Sat, 01 Jun 2019 11:08:18 GMT

What is your and your spouse's medical insurance coverage now? Does your spouse have an HSA?

I have a high deductible plan with my x-employer. My spo...

vmcmullian — Sat, 01 Jun 2019 11:08:19 GMT

I have a high deductible plan with my x-employer. My spouse is a dependent on that plan. The HSA is in my name, my spouse does not have an HSA.

Will you drop to single coverage in May when your spouse...

Opus 17 — Sat, 01 Jun 2019 11:08:21 GMT

Will you drop to single coverage in May when your spouse goes on Medicare, or will you keep the family coverage with Medicare secondary?

I will drop to single coverage in May but my high deducti...

vmcmullian — Sat, 01 Jun 2019 11:08:23 GMT

I will drop to single coverage in May but my high deductible plan will cover my spouse as secondary coverage

Your eligible contribution is figured this way Jan $6900...

Opus 17 — Sat, 01 Jun 2019 11:08:24 GMT

Your eligible contribution is figured this way

Jan $6900 + $1000 catch-up

Feb $6900 + $1000

March ditto

April ditto

May $3450 + $1000

June

December $3540 + $1000

Total $67200 divided by 12 = $5600.

Since an HSA account is in one person's name only, you can't take advantage of her catch-up provision. But she could contribute $1000 X 4 / 12 = $333 into a separate HSA account in her name.