turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Our Community is moving to a new platform on June 8th! Read more here!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If my husband and I had individual HDHPs/HSAs before marriage but switched to Self+1 HDHP after getting married (May 2018), how would our contribution limits be affected?

If my husband and I had individual HDHPs and HSAs before marriage and were contributing 287.50 each per month ($3450/12 months), but switched to my employers Self + 1 HDHP plan after getting married (in May 2018), how would our contribution limits be affected?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Hal_Al
Level 15

If my husband and I had individual HDHPs/HSAs before marriage but switched to Self+1 HDHP after getting married (May 2018), how would our contribution limits be affected?

The yearly limit for family (including Self + 1) is $6850. So, 6850/12 =570.83 per month
dmertz
Level 15

If my husband and I had individual HDHPs/HSAs before marriage but switched to Self+1 HDHP after getting married (May 2018), how would our contribution limits be affected?

The change doesn't affect much the combined amount that you are eligible to contribute to HSAs.  It only affects how you are able to split your contributions between your HSA and your spouse's HSA (less restrictive under the family HDHP plan).

As of April 26, 2018 the revised the 2018 HSA regular contribution limit for family HDHP coverage to $6,900.  Assuming that you will have this coverage on December 1, 2018, under the last-month rule, between the two of you you'll be able to contribute the full $6,900 for 2018.  Assuming that you are each eligible to contribute to an HSA, you can split the $6,900 contribution limit between the two of you in any way that you wish.

However, it's preferable not to use the last month rule, just in case you fail to maintain qualifying coverage throughout 2019.  Without using that last-month rule, if the family HDHP coverage is in effect on June 1, 2018 but not on May 1, 2018, you'll need to make the split so that a minimum of $3,450 * 5 / 12 = $1,437.50 is contributed to one spouse's HSA and the remainder of the $6,900 annual family limit is contributed to the other spouse's HSA.  Given that both of you have already been contributing $287.50 per month, you will have met this requirement.  If you choose to do so, you can each continue to contribute $287.50 to your respective HSAs for the remainder of the year.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question