HSA Contributions

[crevitch]

My wife is eligible to contribute to an HSA as she is covered by a high deductible cobra plan.  She will be covered by Medicare as of June 2023, the month she turns 65.  Is she eligible for HSA contributions through May 2023?

[Critter-3]

Yes but the contribution will be limited.  

https://www.wellesley.edu/sites/default/files/assets/departments/humanresources/files/benefits/hsa_a...

[crevitch]

Thank you. Other than pro rating by the number of months eligible, are there any other limits 

[Critter-3]

nope

[NCperson]

@crevitch simply, the maximum contribution she can make is 5/12 * $4850 (I am assuming Single +1000 for being over 55), so that is $2020 (you need to round down)  that is her 2023 limit. 

it doesn't have to be contributed by May, it can be paid as late as April 15, 2024 (tax filing deadline)