Can I use my HSA for my wife if she is not on my plan?

As long as your spouse’s non-HDHP does not cover you, you remain an eligible individual and can participate in an HSA. As long as you are covered under a High Deductible Health Plan (HDHP) you may open and contribute to an HSA.

Can you use HSA funds for spouse?

Can I use my HSA funds to pay for my spouse’s medical expenses? You definitely can, even if your spouse doesn’t have an HSA or a HDHP. You can also use your HSA funds to pay for the medical expenses of any dependent children claimed on your income tax return.

Can I transfer my HSA to my wife?

Can I roll over or transfer funds from my HSA to a spouse’s HSA? No. You cannot rollover or transfer an account balance to another person’s HSA. This would result in a taxable distribution (i.e., a distribution that was not used for a qualified medical expense).

Can I contribute to a HSA if my spouse has a FSA?

If your spouse has an individual health insurance policy with no other insurance, and you are enrolled in a high-deductible health plan, then yes, you are eligible to participate in an HSA. But if your spouse participates in a Healthcare FSA or HRA, and those benefits cover your healthcare expenses too, then no, you are not eligible to

Can you use a HSA for a domestic partner?

If the domestic partner meets the HSA eligibility requirements, he or she would be eligible to open an HSA. Furthermore, since domestic partners are not considered spouses by the IRS, domestic partners are considered to be two unattached individuals, and each would have their own HSA contribution limit if they both have HSAs.

Can I Leave my HSA to my spouse or beneficiary?

Yes! If you leave your HSA to your spouse in the event of your death, they assume ownership of the account. If your beneficiary isn’t your spouse, however, you can only leave them your HSA as a taxable cash distribution. Log into your Zenefits account.

What expenses can I pay with my HSA?

HSA eligible expenses are not limited to medical costs. These funds may also be used for the reimbursement of dental costs, such as fillings, braces, and cleaning. A person may even use these funds to cover the price of sports injury prevention equipment, such mouth guards.