Two
questions
asked
by a Facebook
fan:
Question
1: I saw
your FB post on HSA’s, went
there to see what the annual
family contribution limit is for
2011...and didn’t see it there.
Can someone tell me what it is?
Answer
1:
The
family
maximum
contribution
limit
is
$6,150
per
year
(as
a
side
note,
you
have
up
until
4/15
of
the
following
year
to
make
contributions
for
the
previous
year,
just
like
an
IRA)
Question
2: What if we
have medical expenses that
exceed our allowed
contributions? Is there a
‘better’ way to deal with
those? Obviously, we pay them.
BUT, if some of them can be put
on payment plans with 0%, can
they be paid with health savings
in 2012?
Answer
2:
You
can
make
withdrawals
for
prior
year
expenses,
as
long
as
the
health
savings
account
was
set
up
at
the
time
of
the
claim.
