I am 25 years old, a non-dependant, and covered under my mom's family HDHP (for the entire year). My dad is also covered under the same insurance plan. Can I contribute $6750 to my own HSA (no matter what my parents contribute to their own HSAs), or is the $6750 limit shared between the three of us?
It should ...
The HSA is handled in 3 parts in the TT program :
First the contribution:
https://ttlc.intuit.com/replies/4557768
https://ttlc.intuit.com/replies/4785646
Next the limitations screen to confirm you are eligible to make the contributions:
Until you complete the HSA portion of the TurboTax interview to establish your eligibility for an HSA contribution, TurboTax will treat the amount entered on the W-2 form as an excess HSA contribution.
https://ttlc.intuit.com/replies/5190989
https://ttlc.intuit.com/replies/4788059
And lastly any distribution:
https://ttlc.intuit.com/replies/4787864
You cannot contribute to an HSA since you don't have a HDHP of your own ... the policy is your mother's.
That's not true, because I'm covered under the HDHP, I'm a non-dependant, I have no other health coverage, and I'm not enrolled in Medicare; I'm able to contribute to an HSA (reference IRS publication 969). The question is about my contribution limit.
I read the entire pub ... no where does it say that a non dependent on a HDHP can contribute to an HSA ... only the Taxpayer & Spouse are mentioned. So I still stand by my original answer ... but discuss this with the HSA plan administrator as they may have more in site on this subject.
Here is a post that supports your position ... it seems that the ACA rules had unintended consequences in your favor ... a sort of loop hole that has not been plugged yet ...
<a rel="nofollow" target="_blank" href="http://www.hsaedge.com/2016/08/13/your-adult-children-on-your-family-insurance-can-have-their-own-hsa/">http://www.hsaedge.com/2016/08/13/your-adult-children-on-your-family-insurance-can-have-their-own-hsa/</a>
<a rel="nofollow" target="_blank" href="http://www.benefitspro.com/2010/12/25/crazy-hsa-rules">http://www.benefitspro.com/2010/12/25/crazy-hsa-rules</a>
Thank you. It does indeed seem like a loophole. I had read that first article before, but I was confused why the parents were required to share the limit but not the non-dependant "children".
I did a bit more research, and even IRS form 8889 is silent on this. Specifically, the instructions for line 6 state that married couples must share the limit with their spouse, but there is no mention of other eligible contributors.
Now assuming it is a legal "loophole", I wonder if the TurboTax tool will recognize it and allow contribution up to the family plan limit. I assume so, but I don't know for sure.