Question: We took too much income from our retirement accounts and Social Security and are now over the 400% of the poverty level. We are both retired with no earned income. My wife was insured with insurance from the government-sponsored marketplace. I am on Medicare. Can she open a new HSA and fund it to reduce our income and avoid paying back the government's subsidy?

Would her insurance qualify as a high-deductible insurance plan? Her subsidy was over $1,100 per month.

Could I put money back into my IRA to avoid having to pay back the marketplace health subsidy, since I took too much out of my IRA and am over the 400% of the poverty level for Obamacare income?

Answer: Generally an individual would not be eligible to open a health savings account if they are enrolled in Medicare or they can be claimed as a dependent on someone else's tax return, says Ernie Guerriero, a vice president with Security Mutual Life Insurance Company.

Regarding the spouse's plan, to be defined as a high-deductible health plan (HDHP), "she must have a deductible which is at least $2,700 (I'm assuming they file married jointly)." Regarding returning the money to the IRA, that would be possible if they replaced the funds within 60 days and only if there was one distribution within a 12-month period.

Question: We took too much income from our retirement accounts and Social Security and are now over the 400% of the poverty level. We are both retired with no earned income. My wife was insured with insurance from the government-sponsored marketplace. I am on Medicare. Can she open a new HSA and fund it to reduce our income and avoid paying back the government's subsidy?

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