Not sure how HSA works since I'm fairly new to this country and the clusterfuck that is American health insurance, so please forgive me if this is a stupid question.
We are a family of three: me, my wife, and our daughter. My wife has health insurance through her employer, and added our daughter to her plan after she was born in early January. She is thus on a family plan. I am self-employed and have purchased my own health insurance through the Marketplace. I am thus on an individual plan.
We both have separate HSA accounts - mine is with Fidelity, my wife's is through her employer with Health Equity. According to the IRS, the 2019 contribution limits are as follows:
Individual: $3,500
Family: $7,000
Unfortunately, I see two different interpretations of these numbers:
a) I get $3,500 for my individual health insurance plan. My wife gets $7,000 for her family health insurance plan. The 2019 total for our family of three is $10,500.
b) I get $3,500 for my individual health insurance plan. My wife gets $7,000 for her family health insurance plan. The 2019 total for our family of three is $7,000 split between our two HSA accounts.
Which one is it, a or b?