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Health Savings account and a change in health insurance


Guest 4khansen

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Guest 4khansen

My wife and I dropped our health insurance through our employers after we retired and opened a High Deductible health insurance policy which qualified us to open an HSA. We opened the HSA in September, 2013. This November, my part-time employer is making me full-time and this new status will provide healthcare for my wife and I for less than we are paying for our High Deductible insurance but of course it is not an HD account nor does it qualify as a high-deductible account.

What are the repercussions for my HSA which has the maximum allowed tax-free deposit made to it (I rolled over my traditional IRA into it) for both my wife and I? We will have had this account for less than 3 months when the switch occurs.

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