Tandemlovers
Recycles dryer sheets
- Joined
- Aug 2, 2006
- Messages
- 151
Hello, my apologies if this question has been answered in the past. I couldn't find the answer to our situation:
Wife 52 Husband 61
This is our first year we are eligible to contribute to an HSA and I would like to make a lump sum deposit in our accounts for the year.
We have separate accounts.
We have had an HDHP since February, so my understanding is that the maximum amount we can contribute is prorated by the number of months we have had this type of health care coverage.
Our maximum combined contribution of $6966.67 includes the $1000 catch up contribution for my husband since he is over 55 ($3025 + 3941.67)
If the family maximum amount that is deductible for 2014 is $6550.00, how much can I deposit in each account? Is the $6550 maximum also subject to pro rationing since we started coverage February1? Is our maximum $7550 due to the catch up provision?
Thanks very much for the help : )
Wife 52 Husband 61
This is our first year we are eligible to contribute to an HSA and I would like to make a lump sum deposit in our accounts for the year.
We have separate accounts.
We have had an HDHP since February, so my understanding is that the maximum amount we can contribute is prorated by the number of months we have had this type of health care coverage.
Our maximum combined contribution of $6966.67 includes the $1000 catch up contribution for my husband since he is over 55 ($3025 + 3941.67)
If the family maximum amount that is deductible for 2014 is $6550.00, how much can I deposit in each account? Is the $6550 maximum also subject to pro rationing since we started coverage February1? Is our maximum $7550 due to the catch up provision?
Thanks very much for the help : )