Max HSA contribution?

Forum|Forum|7 years ago
June 5, 2019
1 reply
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2017, both 63+, joint high deductible health insurance Jan to Oct. Nov - Dec, I switched to Medicare, my spouse switched to individual high deductible health insurance. What is the max contribution for each HSA?

TurboTax Home & Biz Windows

Best answer by dmertz

TurboTax calculates your maximum contributions as

10/12 of the family-coverage limit of $6,750 split between the two of you ($5,625),
plus 10/12 of $1,000 catch-up to your HSA ($833),
plus 2/12 of the $3,400 single-coverage limit to your spouse's HSA ($567),
plus $1,000 of catch-up to your spouse's HSA ($1,000).

If you allocate the entire 10/12 of the family coverage limit to your HSA and none of it to your spouse's HSA, your maximum contribution is $6,458 and your spouse's maximum contribution is $1,567. If you instead allocate the entire 10/12 of the family coverage limit to your spouse's HSA, your maximum contribution would be $833 and your spouse's maximum contribution would be $7,192. Regardless of how you split the 10/12 of the family limit, the combined maximum contributions will equal $8,025.

dmertzAnswer

Level 15

TurboTax calculates your maximum contributions as

10/12 of the family-coverage limit of $6,750 split between the two of you ($5,625),
plus 10/12 of $1,000 catch-up to your HSA ($833),
plus 2/12 of the $3,400 single-coverage limit to your spouse's HSA ($567),
plus $1,000 of catch-up to your spouse's HSA ($1,000).