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Links-DIVIDING HEALTH SAVING ACCOUNTS (HSAs) IN DIVORCE

Links-DIVIDING HEALTH SAVING ACCOUNTS (HSAs) IN DIVORCE

Your ex-spouse can open their HSA with an administrator of their choice. They don't need to be HSA-eligible to open an account for the sole purpose of receiving a rollover from an ex-spouse's HSA balance by court order as part of a divorce settlement. This rollover isn't a taxable event for either party.

Can HSAs be transferred in divorce?

HSAs are handled like IRAs in a divorce. Interest in an HSA can be transferred between spouses as part of a divorce or separation agreement. It is not considered a taxable transfer, and the interest that is transferred keeps its identity as an HSA for the receiving spouse.

 Is an HSA considered an asset?

In addition, the account owner may think of the HSA as just money set aside for medical expenses, not an “asset.” However, HSAs can be, and should be, considered an asset to be included in the property division

1. HSAs and Divorce from VOYA Link: Article-HSAs and Divorce from VOYA

2. Managing an HSAs Through a Divorce LinkArticle-Managing an HSAs Through a Divorce

3. How to Divide HSAs During a Divorce Link: Article-How to Divide HSAs During a Divorce

4.  Health Savings Accounts (HSAs) Maybe Allocated in Divorce Link: Article-Health Savings Accounts (HSAs) Maybe Allocated in Divorce

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