Linked Questions

0
votes
1answer
93 views

Leaving a High-Deductible Health Plan (HDHP) during the year: can one still fully contribute to one's HSA? [duplicate]

Bob has a High-Deductible Health Plan (HDHP) and wants to maximize his contributions to his Health Savings Account (HSA). At some point during the year, Bob changes his health insurance from an HDHP ...
8
votes
1answer
7k views

Withdrawing HSA excess contributions?

I just got married a couple of weeks ago. I have a self-coverage only HDHP through my employer, with an HSA funded by my employer ($3000 per year). My husband has a family-coverage HDHP through his ...
8
votes
1answer
959 views

What is the penalty for over-contributing to an HSA?

My employee switched to regular insurance in April making him ineligible for HSA contributions. Payroll neglected to stop taking his contributions out and it was recently discovered and has since been ...
5
votes
1answer
1k views

HSA/FSA, changing health plans mid year, concurrent coverage

My family is on the HDHP offered by my employer which has both an HSA and an LPFSA. The plan is on a calendar year (Jan 1 - Dec 31). We want to move to the plan offered by my wife's employer which not ...
8
votes
3answers
470 views

Can an HSA excess contribution withdrawal be done when you haven’t really contributed an excess?

If you find that you have contributed more to your HSA than your annual contribution limit, you can do an excess contribution withdrawal. This is effectively an “undo” button on your contribution: On ...
4
votes
2answers
121 views

Is it possible to use HSA funds to cover a medical expense billed to a different insurance plan, which is not a HDHP?

Long time lurker, but I have a question that I'd like some help with. Earlier this year my contract/government job switched companies so I had to sign up for new benefits. Company 1's benefits were ...
7
votes
1answer
299 views

HSA and Medicare: what if I get laid off?

I'm approaching 65; will continue working for a large company; will not be taking Social Security; have a high deductible insurance plan through my company which I will continue using (so will not ...
1
vote
2answers
624 views

Opening an HSA mid-year: how much can I contribute to it?

I opened an HSA account in the United States during the year: what's my maximum contribution? Is it the annual maximum (i.e., 3400 USD in 2017), or should I prorate (e.g., if I started at the ...
2
votes
2answers
101 views

HSA End of Year Contributions

If someone starts work half way through the year and makes out-of-paycheck contributions to their HSA account that amount to less than $3,450 (say they amount to $1,450), would they be able to deposit ...
2
votes
2answers
168 views

Open an HSA at another bank and transfer even if I am not qualified to contribute?

Last month, my girlfriend got a new job with good health insurance and an FSA account. She has an HSA account from her previous job and the custodian is dinging her with monthly fees because she's ...
2
votes
1answer
141 views

Contribution limits and deadlines for HSA clarification

Taken from here. Partial Year Contributions If you establish an HSA by at least December of any year, your maximum contribution is the maximum amount (described above) for that calendar year. ...
4
votes
2answers
100 views

I started a new job, want to switch my wife to my new insurance. Can I open an HSA if she had an FSA on her previous plan?

I've been searching for a clear-cut answer to this for a while, to no avail. My employer benefits advisor's guidance was unsatisfactory, and my CPA hasn't gotten back to me about it. And so...once ...
4
votes
1answer
81 views

HSA and Medicare

I am 65 and was not planning to retire until 70. I am participating in high deductible healthcare at work and was contributing to a HSA until September 2020 when I was offered early retirement. The ...
3
votes
2answers
85 views

Can I Open A Personal HSA with a Bank to Pay Qualified Expenses Incurred When I was Covered by a Company-Sponsored HDHP?

I had a company-sponsored HDHP, which included a company-sponsored HSA. Both I and my employer cotributed. The first contribution to this HSA came two months after I started with the company; it was,...
2
votes
1answer
104 views

Understanding IRS publication 969 for HSA contribution limits

https://www.irs.gov/publications/p969/ar02.html#en_US_2014_publink1000204045 I currently have an individual HDHP. I am trying to understand the implications on my HSA contribution limit for 2016 if I ...

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