qbteachmt
Level 15
03-31-2022
07:26 PM
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"He had just a normal health insurance plan."
So, July-Dec, not eligible for HSA if the coverage doesn't qualify. He only gets to put in half. You can make a corrective distribution.
A lot of people think the HSA is part of their coverage, but it is based on their coverage.
It's like having an IRA or Savings account. I can have an HSA account, which I would contribute to only when I was covered by qualifying HDHP coverage, whether that was through an employer, through a Marketplace, or any individual/family coverage from an insurance company or broker, as long as the coverage qualifies. For any times I was not covered under a qualifying plan, I still have an account and use the account for Spending, but no longer qualify to contribute.
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Don't yell at us; we're volunteers