pirsquared
Recycles dryer sheets
- Joined
- Jun 13, 2021
- Messages
- 129
I will have an HSA-eligible plan (through the ACA Marketplace) for the first time starting in 2024. I plan to open an HSA at Fidelity on January 1. I have been reading up on HSA rules, but have a few questions:
1) Can I fully fund the HSA ($4150) at the beginning of the year?
2) Let's say I choose to deposit 1/12 of the full amount (approx $345) on the first of each month. What if I have a $500 medical expense in January. Can I reimburse myself in February for an expense incurred in January given that the full amount was not in the HSA until after the expense was incurred?
3) It is my understanding that I can pay my LTC premiums (up to a certain amount) with HSA funds if I want to. Is this correct?
4) My husband is on Medicare. He has never had an HSA. It is my understanding that I cannot pay his Medicare premiums or his LTC premiums from my HSA, but I can pay for things like his copays or glasses if I want to (we file jointly). Is this correct?
Thanks!
1) Can I fully fund the HSA ($4150) at the beginning of the year?
2) Let's say I choose to deposit 1/12 of the full amount (approx $345) on the first of each month. What if I have a $500 medical expense in January. Can I reimburse myself in February for an expense incurred in January given that the full amount was not in the HSA until after the expense was incurred?
3) It is my understanding that I can pay my LTC premiums (up to a certain amount) with HSA funds if I want to. Is this correct?
4) My husband is on Medicare. He has never had an HSA. It is my understanding that I cannot pay his Medicare premiums or his LTC premiums from my HSA, but I can pay for things like his copays or glasses if I want to (we file jointly). Is this correct?
Thanks!