HSA

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

My husband and I are both on medicare and we have a dependent, 22 year old son, in college. Can we put money in a HSA and if so, how much?

user17710879094

Level 4

To qualify for an HSA you must be enrolled in a health insurance plan that imposes high deductibles. You can use previously contributed funds. Unfortunately Medicare recipients do not qualify.

https://turbotax.intuit.com/tax-tips/health-care/what-is-the-irs-form-8889/L8hRNHx4o

If it is your son and you are asking on his behalf he must be enrolled in a high deductible health insurance plan.

Following is a good source of information on the specifics: https://www.irs.gov/publications/p969

HSA

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