Coordination of Benefits & HSAs

[Guest tjm9993]

I have an HMO (a group plan through my employer) for which I pay $500 a month (payroll deduction).

My wife's company is switching over plans and one option is a high deductible plan with HSA.

My birthday comes first in the year, so my kids and I have always been covered under my plan.

Can funds in my wife's HSA be used to cover expenses for me and my kids even though we are covered under my plan? e.g. the $500/month premium, co-payments, etc.

Thanks

[Guest greatlakeshsa]

Can funds in my wife's HSA be used to cover expenses for me and my kids even though we are covered under my plan? e.g. the $500/month premium, co-payments, etc.

Yes, However, the premium you are paying for coverage is not considered a qualified medical expense.

http://www.irs.gov/publications/p502/index.html - check link for a list of qualified expenses