Yes, you will need to name a beneficiary for your HSA. If your spouse is the beneficiary of your HSA, the account transfers as an HSA with all of the tax benefits intact. When you initially enroll in the HSA, you will be required to complete enrollment forms. Included in the enrollment form is a [...]
Generally the issues surrounding domestic partners (DPs) relate to contributions and withdrawals.
Note that domestic partners do not file joint tax returns so they are treated as individual taxpayers with no relationship. This means each can make their HSA contributions based on the coverage provide by their HDHP (Family or Individual). If the employer provides “Family” [...]
How much may I contribute to my HSA for 2008 and 2009?
For tax year 2008 you may contribute up to $2,900 as an individual or $5,800 for a family annually. Account holders who are 55 or over by 12/31/2008 can contribute an additional $900 in 2008 under the catch-up provision.
In 2009 the maximum allowable contributions are increased [...]
An HSA provides several financial benefits:
Above-the-line tax deductible contributions
Tax free dollars to pay for qualified medical expenses for the account holder, spouse, and tax dependents
Tax free growth of the investment
Roll over unused funds
Full portability if the account holder changes jobs
Lower insurance premiums
HSA can be used as a supplement retirement
No limit on the size of [...]
