HSA Contributions

Posted By: ComplianceGurl, CRCM

HSA Contributions - 11/08/07 02:55 PM

I have a question on allowable transfers. Wife has an HSA (for her and hubby). New year, hubby opens HSA for him & wife. Wife no longer contributing to her HSA. Can wife transfer her balance into hubby's new HSA?
Posted By: rlcarey

Re: HSA Contributions - 11/14/07 03:33 AM

No - an HSA is owned by a single owner (although the funds can be used for family members). It would the same as if trying to rollover an IRA from one spouse to the other.
Posted By: ComplianceGurl, CRCM

Re: HSA Contributions - 11/14/07 03:20 PM

Thank you!!