3 thoughts on “The HSA Deduction

  1. TaxMama says:

    Interesting. I didn’t think about the Medicare eligibilty being July 1st.
    Too young to know about such things. ;~)

    Thanks for the information.

    Hugs
    Eva

  2. Mike Reed says:

    Eva,
    Since the wife turned 65 in July, she would be eligible for Medicare July 1st. If she did enroll in Medicare for July, she would not be eligible to contribute to her HSA account for July, thus the contribution limit is 6/12 of $6,250 = $3,125. (the family limit for 2012 is $6,250).

    Also the “catch-up” contribution is 6/12 of $1,000 = $500.
    Mike

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