What is the 2023 HSA Contribution Limit for Spouse & Me Having Separate Individual HDHP Plans

Submitted by broFenix t3_yhu3x4 in personalfinance

I tried searching on Google & this Reddit specifically for the answer, but didn't find it anywhere. Does anyone know what the 2023 HSA contribution limit would be for my spouse and me combined, if I have a HDHP HSA-eligible plan through my employer and my spouse has a HDHP HSA-eligible plan through the Health Insurance Marketplace?

I have an Employee Only HDHP plan through my employer and my wife & I have been contributing to my HSA in 2022 up to the individual contribution limit, which is $3,650. My wife just discovered the other day that she could open up an HSA for herself with a company like Fidelity or HSA Bank. My wife has the Blue Cross Blue Shield "Blue Cross Select Silver" health insurance plan. We are pretty sure her plan through the Health Insurance Marketplace is eligible for an HSA. If her plan is indeed eligible, would the 2023 contribution limit for my spouse + me be based on the individual or family contribution limit?

The 2023 individual HSA contribution limit is $3,850 and the 2023 family HSA contribution limit is $7,750. My guess is that the limit that my wife & I could contribute to our individual HSA's would be based on the individual limit of $3,850. Anyone know for sure?

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nozzery t1_iufpz65 wrote

BCBS silver is not eligible for HSA. Any plan that is eligible for HSA says either "HSA" or "HDHP", because this is a feature they want you to know about, when it is available (they do not hide it). You are stuck with the individual contribution limit.

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FormerCTRturnedFed t1_iufwlee wrote

Correct. Never make decisions like this based on ‘We are pretty sure.’ Always verify. If your marketplace plan is a HDHP it will say it. If it does not, it is not eligible for an HSA.

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DeluxeXL t1_iufs6xk wrote

  1. Is your health plan a HDHP covering only one person (you)?
  2. Is your health plan a HDHP covering two or more people?
  3. Are you covered by any other non-HDHP medical plan or pretax spending accounts (e.g. FSA)? Keep in mind that a FSA often automatically covers spouse.
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broFenix OP t1_iufzeax wrote

  1. My HDHP through my employer covers only me, one person.
  2. My HDHP through my employer has the option to cover two or more people, but my wife and I elected to choose the "Employee Only" version of the HDHP plan we signed up under, as it was cheaper for my wife to have her own HDHP through the Health Insurance Marketplace and for me to have a HDHP through my employer.
  3. No. Neither my wife or I are covered by a non-HDHP medical plan or pretax spending account. Neither of us have ever had an FSA.
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DeluxeXL t1_iufzsoj wrote

Based on your answers, your HSA contribution limit is the self-only limit.

  • True False False = self-only limit
  • False True False = family limit
  • Any Any True = $0 limit
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vynm2 t1_iug3u98 wrote

>2. My HDHP through my employer has the option to cover two or more people, but my wife and I elected to choose the "Employee Only" version of the HDHP plan we signed up under, as it was cheaper for my wife to have her own HDHP through the Health Insurance Marketplace and for me to have a HDHP through my employer.

It's important to realize that your spouse is only eligible for ACA subsidies for Marketplace insurance, if your cost for your employer's plan to cover both of you was more than 9.5% of your family's AGI. https://www.cbpp.org/blog/more-families-will-spend-less-on-health-care-premiums-thanks-to-a-fix-for-the-family-glitch

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Adamma92 t1_iufvqyf wrote

Your insurance or even your employer should have a number to call so you can ask questions that are specific to your situation.

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