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Family Limit on HSA does not give $1000 bump for each participant when they are both over 55

It seems to only give the +1000 bump once, even when both participants are over 55. This might take a little research to confirm, but I believe is how it’s supposed to work. Reported in a support email.

4 votes

Tagged as Suggestion

Suggested 04 April 2024 by user Shawn S

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  • 04 April 2024 Shawn S suggested this task

  • 04 April 2024 Kyle Nolan approved this task

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    Mike Bendtsen

    Also requires that the HSA Cash-Flow Priority item allows for flowing money into BOTH the Me/Spouse HSA accounts as the $1000 bonus (per 55+ person) needs to flow into their individual HSA account…IRS does not allow the $2000-total to land into one family-HSA account.

    Configuration page should also allow user to choose %-of-HSA Contribution into which of the two (Me/Spouse) HSA accounts (default to 50/50). A family HDHP has the family HSA limit, but any % can land in the Me/Spouse as long as the total doesn’t exceed the family limit.

    04 June