If your children will be beneficiaries of your estate and you can afford to help them I see no reason not to do so. Personally we have been gifting our children money for their IRA's that they would struggle to fund at their current salaries. They are thankfully both financially responsible and live within their means.
We actually did as you suggested before I posted. She lives in New York and we called the NY state healthcare exchange that her plan was purchased through (NY State of Health) and spoke to someone there who said the plan was not HSA eligible. (This was at the suggestion of Fidelity who said they would open an account if she wanted but would not assess or validate eligibility.) I wonder whether the NY marketplace has updated their information to reflect the new law, though one would assume they have done so.
Thanks for the reply. My daughter's employer does not provide healthcare unfortunately, she works for a small non-profit with 5 employees. Maybe the person we spoke to at her healthcare exchange did not have up to date information related to HSA eligibility. It seems like her plan should be eligible based on what I'm reading from the IRS, the plan deductible meets the threshold and I didn't see any reference to certain bronze plans NOT being eligible (but obviously I need to re-read this to make sure I'm not missing something). I'm a retired CFO who should be able to figure this out - if I'm struggling how can a "lay person" navigate this?
My daughter has an Obamacare bronze plan with a $4,125 deductible. We called her health care exchange and they said it is not an HSA eligible plan. Very confused as to how to advise her because my understanding from this post and others is that it should be HSA eligible. (Her salary is slightly above the Obamacare subsidy cliff and my advice to her is to fund an IRA to get her below $62,400).
Comments
If your children will be beneficiaries of your estate and you can afford to help them I see no reason not to do so. Personally we have been gifting our children money for their IRA's that they would struggle to fund at their current salaries. They are thankfully both financially responsible and live within their means.
Post: Helping Adult Children, pt. 2
Link to comment from March 4, 2026
We actually did as you suggested before I posted. She lives in New York and we called the NY state healthcare exchange that her plan was purchased through (NY State of Health) and spoke to someone there who said the plan was not HSA eligible. (This was at the suggestion of Fidelity who said they would open an account if she wanted but would not assess or validate eligibility.) I wonder whether the NY marketplace has updated their information to reflect the new law, though one would assume they have done so.
Post: HSA Tips
Link to comment from March 2, 2026
Thanks for the reply. My daughter's employer does not provide healthcare unfortunately, she works for a small non-profit with 5 employees. Maybe the person we spoke to at her healthcare exchange did not have up to date information related to HSA eligibility. It seems like her plan should be eligible based on what I'm reading from the IRS, the plan deductible meets the threshold and I didn't see any reference to certain bronze plans NOT being eligible (but obviously I need to re-read this to make sure I'm not missing something). I'm a retired CFO who should be able to figure this out - if I'm struggling how can a "lay person" navigate this?
Post: HSA Tips
Link to comment from March 2, 2026
My daughter has an Obamacare bronze plan with a $4,125 deductible. We called her health care exchange and they said it is not an HSA eligible plan. Very confused as to how to advise her because my understanding from this post and others is that it should be HSA eligible. (Her salary is slightly above the Obamacare subsidy cliff and my advice to her is to fund an IRA to get her below $62,400).
Post: HSA Tips
Link to comment from February 28, 2026