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2014 HSA contribution - unusual situation
Old 11-05-2014, 09:53 AM   #1
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2014 HSA contribution - unusual situation

Looking for the collective wisdom of this board to determine our 2014 HSA contribution maximum.

We had a HSA eligible family policy for Jan-June 2014 and separate cat policies that are not HSA eligible since July 2014. We have not yet made any HSA contributions for 2014. We are both over 55.

I calculate that we can contribute up to $4,275, as follows:

Annual family contribution for 2014............$6,550
over 55 catch-up - his................................1,000
over 55 catch-up - hers..............................1,000
Total............................................. ..........8,550
divided by month in the year...........................12
maximum monthly contribution .....................712
times months of HSA eligible coverage...............6
Maximum contribution for 2014.................$4,275

Further, I can allocate the $4,275 between me and DW however I wish as long as each of us has at least $500 (50% of the over 50 catch-up contribution). IOW, I could not put the entire $4,275 in DW's HSA because to do so would be depositing my catch-up contribution in her account.

Make sense? The CSR I talked with came up with $4,275 but said we could each contribute $4,275 which sounds wrong to me. I'm waiting for her supervisor who was in a meeting to call me back.
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