TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Solved

hsa and cobra

Forum|Forum|3 years ago
November 16, 2022
1 reply
14 views

This ties into my prior question regarding contributing to hsa while on Cobra. My husband and I, 64 and 65, contributed $4149.86 to cobra before he went on Medicare in June. I then went on Cobra and will turn 65 March 2023. Can I continue to contribute to to the hsa, and how to I figure out the amount that I can contribute through the end of 2022? Thanks.

Best answer by jeffvikings

I have completed your first post and provided all my assumptions were correct you can take that total and subtract the amount that you have already contributed $4,149.86 to determine how much more you can contribute. Your husbands eligibility for the HSA plan stopped on the day he was eligible for medicare so you may need to slightly reduce the calculation depending on whether he made it to 6/30 or he turned 65 before that day and was on medicare. If you are on two plans during any day of the month you do not qualify for a contribution in that month. Here is a link to Previous post

Employee Tax Expert

Answer

Employee Tax Expert

I have completed your first post and provided all my assumptions were correct you can take that total and subtract the amount that you have already contributed $4,149.86 to determine how much more you can contribute. Your husbands eligibility for the HSA plan stopped on the day he was eligible for medicare so you may need to slightly reduce the calculation depending on whether he made it to 6/30 or he turned 65 before that day and was on medicare. If you are on two plans during any day of the month you do not qualify for a contribution in that month. Here is a link to Previous post

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"