Who can I name as my beneficiary?
You may have any person as your beneficiary. If you designate your spouse as your HSA beneficiary, the account will be transferred to your spouse’s name with all tax benefits intact. If you designate your HSA to a non-spouse beneficiary, the HSA funds will be liquidated and the beneficiary will be responsible for paying taxes on the balance.
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Can I use the HSA for medical expenses for a dependent with diabetes even after they are 18?
You can use your HSA tax-free for eligible medical expenses for yourself, your spouse, or any
tax dependents. As long as the child you are referencing is claimed on your tax return , you can use the HSA to pay fro their medical expenses. The insurance status of the dependent or spouse does not matter when you are withdrawing money for eligible medical expenses.