How do the maximum annual HSA contribution limits apply to family HDHP coverage that may include an ineligible individual?
A-31. The maximum annual HSA contribution for a married couple with family HDHP coverage is the lesser of: (1) the lowest HDHP family deductible applicable to the family (minimum $2,000) or (2) the section 223(b)(2)(B) statutory maximum ($5,250 in 2005). Although the special rule for married individuals in section 223(b)(5) generally allows a married couple to divide the maximum HSA contribution between spouses, if only one spouse is an eligible individual, only that spouse may contribute to an HSA (notwithstanding the treatment under section 223(b)(5)(A) of both spouses as havingonly family coverage). For an HDHP with embedded individual deductibles see Q&A 30.Example 1 . In 2004, Hanna and William are a married couple and neither qualifies for catch-up contributions under section 223(b)(3). Hanna and William have family HDHP coverage with a $5,000 deductible. Hanna is an eligible individual and has no other coverage. William also has self-only coverage with a $200 deductible. William
A-31. The maximum annual HSA contribution for a married couple with family HDHP coverage is the lesser of: (1) the lowest HDHP family deductible applicable to the family (minimum $2,000) or (2) the section 223(b)(2)(B) statutory maximum ($5,250 in 2005). Although the special rule for married individuals in section 223(b)(5) generally allows a married couple to divide the maximum HSA contribution between spouses, if only one spouse is an eligible individual, only that spouse may contribute to an HSA (notwithstanding the treatment under section 223(b)(5)(A) of both spouses as havingonly family coverage). For an HDHP with embedded individual deductibles see Q&A 30. Example 1 . In 2004, Hanna and William are a married couple and neither qualifies for catch-up contributions under section 223(b)(3). Hanna and William have family HDHP coverage with a $5,000 deductible. Hanna is an eligible individual and has no other coverage. William also has self-only coverage with a $200 deductible. Willia
Related Questions
- What is my maximum annual contribution to my HSA if our family coverage includes both individual (embedded) and family (umbrella) deductibles?
- If I enroll in the HDHP after January 1 but by December 1, can I still contribute the maximum annual HSA contribution for that year?
- How do the maximum annual HSA contribution limits apply to family HDHP coverage that may include an ineligible individual?
