Client and "registered domestic partner" (per state; WA) are both covered by clients employer out of another state (CA) HDHP. Client and partner are both over 55. So client maxes out HSA (2018 - $ 7,900) and has for many years. I learned last week that the "partner" is entitled to their own extra $ 1k over 55 "catch-up", albeit in a separate account. I was unaware of this in the past. Can anyone confirm or quote language?
-
Treasur2 -
Yes, I can confirm. It's in the IRS Pub. about HSAs. It's also been discussed in this forum at some point in the past year or two as I recall.Originally posted by Treasur2 View Post
"You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard -
I'm going to take that a step farther: I think the partner can contribute up to $7900.
That is how it works for a non-dependent child that is covered under the HSA, and I would think the non-spouse would fall under that.
Comment
-
Me again: I just looked through ยง223 and that is how it reads. The simplified version is that anybody covered by a "family" HDHP qualifies to contribute the maximum family amount ("family" just means a plan that covers more than one person). Then there is a restriction saying dependents do not qualify, and another restriction that married people need to split it between them.
That means a non-married person that is covered by a "family" HDHP can contribute the maximum family amount. In your case, that is $7900 for 2018.Comment
-
I had a client call this week to ask if he can put in an additional 1K for every year over 55. Asked if he could put in an additional 2K since he's 57. Seriously can't believe some of the things people come up with.
Comment
-
Well, hope springs eternal.......Comment
Comment