HSA
My husband is 65 and only on Medicare part A. He is still insured under my plan at work (I am under 60). Can I still contribute the full family amount for 2025? (we have no other dependents).
Best Answer
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Family coverage and contribution limits still apply when the HDHP and HSA are through the eligible individual who has the account set up, and at least one other individual, whether the additional member is eligible for HSA or not.
While your spouse may not qualify for making their own HSA contributions, if the HSA is through your name, you are eligible to contribute to the HSA still. If both of you are on Medicaid or Medicare, you will no longer be eligible for HSA contributions, but you may take distributions from your HSA.
Answers
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The family contribution limit for HSAs does apply to married couples, even with no dependents, that are under the coverage. If you're not sure of your type of HSA coverage through your work, you can reach out to your Human Resources Dept. to confirm that you are under family coverage.
The 2024 HSA contributions limits are $4,150 for Single and $8,300 for family. If you are 55 or older, the IRS allows an additional $1,000 per year in contributions. The contribution limits are totals overall and not totals by person.
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My question was more about his age and the rules with Medicare. Wanted to make sure if he is not on Medicare plan, I can still contribute the full family amount with him being 65. I want to avoid any potential penalties. I read something about Medicare age and penalties if you contribute...