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Can I open an HSA to lower my MAGI below max for ACA? I am 62, retired and about 400 dollars over max for ACA.

one plan in my area says it is HSA compatible. 

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dmertz
Level 15

Can I open an HSA to lower my MAGI below max for ACA? I am 62, retired and about 400 dollars over max for ACA.

Yes, the deduction for an eligible HSA contribution can be used to reduce your MAGI for ACA purposes.

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1 Reply
dmertz
Level 15

Can I open an HSA to lower my MAGI below max for ACA? I am 62, retired and about 400 dollars over max for ACA.

Yes, the deduction for an eligible HSA contribution can be used to reduce your MAGI for ACA purposes.

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