HSA Question

You can both have your own HSA account while on the same health insurance plan. Though, I don't know of much of a reason to do so since you can use the same HSA account to reimburse for either of your expenses. Also, since she does not offer health insurance witht he business she owns, she would not be eligible for pre-tax deduction contributions to a separate plan. However, it generally works like this:

If your spouse's employer does not offer an HSA program, she would not be eligible for payroll deduction contributions and would have to contribute to her account separately post tax, and you cannot contribute to her account via your payroll deductions. So, it makes more sense to me to have whoever is eligible for the payroll deductions, just do the contributions for both of you to get the tax savings, and just figure out the split on the backend if needed.

If your spouse's employer does offer an HSA plan, then they can get with their HR department to do payroll deductions into a separate HSA account, even though they are on your health insurance plan. This would be the only scenario that it might make sense to do so, if you both want to manage your own contributions and account investment strategies separately.

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Mainly to save $17K per year tax free versus $8750.

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How would you do this? The max a family can contribute to an HSA is $8,750 (including employer contributions), regardless if one person contributes all of it or you split it.

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This is my main question. She can contribute tax deductible to an IRA. Assumed any HSA contributions would also be tax deductible. We can get the accountant to setup pre-tax withdrawals to the HSA account.

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She wouldn't be able to do any pre-tax deductions to an HSA account since she does not offer an HSA qualified health insurance plan, as far as from her payroll. However, if she is on your plan, she can contribute to her own account and your accountant would be able to make an above the line adjustment for those contributions, which would save some taxes but she wouldn't save on the payroll tax deductions.

Either way, you wouldn't be able to contibute more than the $8,750 for family coverage. So, it would still be best for you to contribute the full $8,750 to get income and payroll tax deductions. This is how me and my wife do it, as her employer offers one and mine does not. She contributes that max to the HSA account that we both use.