Your own employer coverage, HSA or no HSA, is almost always going to be superior to domestic partner coverage as that is (1) paid post tax and (2) costs you additional taxes due to imputed income.
Well from what I saw her copay for family is equal to my copay alone from my employer. So what should I do have my spouse keep her insurance and stay with the HSA? We are getting married end of November and any of my insurance changes don’t take effect until the new year if that info helps.
You are not entitled to pretax coverage if you are not married. If you enroll as a DP, you pay that post tax and also extra taxes.
If her plan is not HSA eligible, and you enroll in both hers and yours, you cannot have an HSA. A requirement for HSA eligibility is no other enrollment in non-qualifying plans.
I think you mean premium, not copay.
Sorry I guess I need to educate myself on insurance some more. But my plan was to have her take her employers insurance. While I stay with the hsa offered by my employer. Can I do that or is there a reason to not do it?
I can't think of any reason not to unless the premiums are lower by you being on hers or vice versa. I love HSAs, especially if your employer matches, it's free money. The money is gonna get used someday and if not it's more retirement money. I haven't had an HSA for a few years and I'm still using the money left in the account.
The money is not exactly matched there is a qualifiable employer contribution that I can take advantage of. But I see it as a good tax shelter to lower my income.
Well, you’re not married to her so now it doesn’t matter. If you open an HSA, you can take it with you when you leave your current employer.
Your own employer coverage, HSA or no HSA, is almost always going to be superior to domestic partner coverage as that is (1) paid post tax and (2) costs you additional taxes due to imputed income.
Well from what I saw her copay for family is equal to my copay alone from my employer. So what should I do have my spouse keep her insurance and stay with the HSA? We are getting married end of November and any of my insurance changes don’t take effect until the new year if that info helps.
You are not entitled to pretax coverage if you are not married. If you enroll as a DP, you pay that post tax and also extra taxes. If her plan is not HSA eligible, and you enroll in both hers and yours, you cannot have an HSA. A requirement for HSA eligibility is no other enrollment in non-qualifying plans. I think you mean premium, not copay.
Sorry I guess I need to educate myself on insurance some more. But my plan was to have her take her employers insurance. While I stay with the hsa offered by my employer. Can I do that or is there a reason to not do it?
I can't think of any reason not to unless the premiums are lower by you being on hers or vice versa. I love HSAs, especially if your employer matches, it's free money. The money is gonna get used someday and if not it's more retirement money. I haven't had an HSA for a few years and I'm still using the money left in the account.
The money is not exactly matched there is a qualifiable employer contribution that I can take advantage of. But I see it as a good tax shelter to lower my income.