BrianB
Recycles dryer sheets
On 9/1/2023 I will start Medicare. DW will remain on our HDHP thru the end of the year (and 9 months of 2024). My understanding is that for 2023 we can contribute based on the "family" limit until my Medicare start date, then DW can contribute as a "single" through the rest of the year. We both qualify for the $1000 catch-up addition to the limits. It's a little complicated because the family limit is not exactly 2x the single limit. This is my calculation:
(8/12) * (7750+1000+1000) = $6500 that is $3250 for me + $3250 for DW
(4/12) * (3850+1000) = $1616 that is $0 for me + $1616 for DW
Total = $8116
Am I calculating this correctly? We want to max out our contributions but don't want to get into the hassle of over-contributing and having to correct it later.
BrianB
(8/12) * (7750+1000+1000) = $6500 that is $3250 for me + $3250 for DW
(4/12) * (3850+1000) = $1616 that is $0 for me + $1616 for DW
Total = $8116
Am I calculating this correctly? We want to max out our contributions but don't want to get into the hassle of over-contributing and having to correct it later.
BrianB