One common question that arises when it comes to Health Savings Accounts (HSAs) is whether one spouse can have Medicare Part A while the other contributes to a family HSA. The answer to this question is both yes and no, depending on specific circumstances and eligibility criteria.
Medicare Part A coverage for one spouse does not necessarily disqualify the other spouse from contributing to a family HSA. However, there are certain important factors to consider:
In summary, while one spouse having Medicare Part A does not automatically disqualify the other spouse from contributing to a family HSA, there are specific considerations and eligibility requirements to keep in mind. Consulting with a financial expert can help navigate the complexities of dual coverage situations and ensure compliance with IRS guidelines.
Many people wonder whether one spouse can have Medicare Part A while the other continues to contribute to a family Health Savings Account (HSA). The good news is that it is possible, but there are some important conditions to be aware of.
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