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.

Tags: beneficiary, HSA

This entry was posted on Wednesday, June 11th, 2008 at 9:43 am by WPJ and is filed under HSA Regulations, Health Savings Accounts, Misc., Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.