I am 64. My husband is 68 and retired August 1, 2015, at which time I had to get individual
health insurance because he is on Medicare
now. Effective August 1, 2015, I enrolled in a qualified High-deductible
health plan with HSA. Here's my problem: In August, 2016, I will be 65 and will be enrolled in Medicare, therefore losing eligibility with my HSA. I understand that I am also not able to meet the "test period" for HSA either since it began for me Dec. 1, 2015 and I won't be able to continue it past August 1, 2016, thus I can't meet the 12-month test date of December, 2016. If I understand this idiotic catch-22 rule, this means that I can only contribute a pro-rata portion of the maximum to my HSA. So here is my question: How much can I contribute from 2015 and how much from 2016 without incurring taxation
or penalty and how long do I have to contribute these $$$ within each year applicable (2015 and 2016).
Here is my question: I don't meet the "test" of HSA enrollment from Dec. 1, 2015 thru Dec. 2016 since I can't continue it when Medicare begins in August 1, 2016. So, what can I contribute in 2015 and how long do I have to make this contribution, as well as what can I contribute in 2016 into my HSA and how long do I have to make this contribution both without incurring taxation or penalties.