General Question

JLeslie's avatar

Can I put $1,000 in my own HSA if I am a spouse over 55?

Asked by JLeslie (65783points) 2 hours ago from iPhone

My husband has an HSA health insurance plan for us.

He left his job mid year, but we are still on the plan through COBRA.

The account is in his name. We moved all of the money in the account to an HSA Fidelity account.

My husband is over 55 so he can contribute an extra $1,000 into his account for 2024.

What I read was that I can put in $1,000 also, but it has to be into an account in my name.

I called fidelity, and the person I spoke to said, yes, I can open an account and put in $1,000.

The woman who does my taxes said no, but she is unaware about things like this all too often, frustrating, but she could be right.

Do you have experience with this? What does your accountant say?

I’ll do more research, but interested in jelly answers.

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1 Answer

Blackwater_Park's avatar

I believe HSAs are part of employer high deductible plans. I’m not sure if you can contribute if you are no longer on that plan even though you retain the account. That’s a question to ask who administers the HSA. I’m not sure why you would want to if that money has already been taxed other than it would grow tax free if your HSA is one that has investment options. Then it becomes like a Roth IRA that you can only use for medical expenses.

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