Originally Posted by Dan32
So I have an HSA eligible family insurance plan and I've already contributed the maximum $6750 for 2016. Getting ready to make the catch up contribution of $1000 into my account. If I read the rules correctly my wife could also contribute an additional $1000 of catch up, but only if she contributes it into a separate account in her name. Is this correct? Not sure why they would have this stipulation, since the rules say that either account can be used to pay for any expenses incurred by the family. One insurance policy insuring husband and wife, but 2 HSAs required to qualify for the $1000 each catch up contribution. Is this correct?
Yes - separate accounts required for each to do the $1000 catch up contribution.
Once you turn 65 and become eligible for Medicare, you won't be able to contribute to your HSA account anymore. If your wife is younger, she'll need her own account anyway to continue her HSA contributions as you will no longer be on a joint/family insurance policy.
Even though HSA rules allow for family contributions and family expenses, they are held in individual names, and the age rules apply to the name on the account.