Can each spouse over 55 contribute additional $1000 to HSA?
Asked by: Dr. Marielle Runolfsdottir DVM | Last update: December 27, 2025Score: 4.7/5 (49 votes)
Can both spouses over 55 contribute to HSA?
Any additional contribution for age 55 or over must be made by each spouse to his or her own HSA.
Can I contribute an additional $1000 to her HSA because she is age 55 or older?
Eligible individuals who are 55 or older by the end of the tax year can increase their contribution limit up to $1,000 a year. This extra amount is the catch-up contribution allowed for HSAs.
How much can both spouses contribute to HSA in 2024?
2024 HSA contribution limits
The HSA contribution limits for 2024 are $4,150 for self-only coverage and $8,300 for family coverage.
How much can a domestic partner contribute to HSA?
For 2025, the maximum contribution for family coverage is $8,550. Domestic Partners do not have the same limits for contribution that spouses do, and Dual Domestic Partner families can actually both contribute the full family share for their coverage.
How do I fix an overcontribution to my HSA? YQA 187-6
Can my spouse contribute to my HSA?
Spouses cannot have a joint HSA. Each spouse who wants to contribute to an HSA must open a separate HSA. Dollars cannot be transferred between the HSAs. However, one spouse may use withdrawals from their HSA to pay or reimburse the eligible medical expenses of the other spouse, without penalty.
What is the maximum HSA contribution per household?
The maximum contribution for family coverage is $8,550 ($8,300 in 2024). Those age 55 and older can make an additional $1,000 catch-up contribution. Add those figures up and a couple could save as much as $10,600 in their HSAs, if they maxed out their accounts and were both at least age 55.
How much can a married couple contribute to an HSA in 2025?
The IRS announced a nice increase to the maximum Health Savings Account contributions for 2025. The limit is $4,300 if you are single. The 2025 HSA contribution limit for families is $8,550.
What is the downside of an HSA?
Drawbacks of HSAs include tax penalties for nonmedical expenses before age 65, and contributions made to the HSA within six months of applying for Social Security benefits may be subject to penalties. HSAs have fewer limitations and more tax advantages than flexible spending accounts (FSAs).
What disqualifies you from contributing to an HSA?
If you can receive benefits before that deductible is met, you aren't an eligible individual. Other employee health plans. An employee covered by an HDHP and a health FSA or an HRA that pays or reimburses qualified medical expenses can't generally make contributions to an HSA. FSAs and HRAs are discussed later.
What is the 55 rule for HSA?
HSA members can contribute up to the annual maximum amount that is set by the IRS. Those 55 and older are allowed by the IRS to contribute an extra $1,000 to their annual maximum amount. Those 55 and older are allowed by the IRS to contribute an extra $1,000 to their annual maximum amount.
When can I contribute the extra $1000 for HSA?
This is called a catch-up contribution. You can make the full $1000 catch-up contribution the year you turn 55, regardless of where your 55th birthday falls, if you were covered by a HDHP for the entire year.
What is the maximum HSA contribution for a married couple filing separately?
Additional $1,000 for both 2024 and 2025. Married couples with HSA-eligible family coverage will share one family HSA contribution limit of $8,300 in 2024 and $8,550 in 2025. If both spouses have eligible self-only coverage, each spouse may contribute up to $4,150 in 2024 and up to $4,300 in 2025 in separate accounts.
Can my wife use my HSA if she's not on my insurance?
Yes, as long as you use the funds to pay for qualified medical expenses, you can pay for any family member who is a tax dependent on your tax return.
Can you and your spouse have separate HSA?
No, the FHSA is an individual savings plan only. However, if you buy your property with your spouse, you can combine both of your FHSA accounts. The lifetime contribution limit of $40,000 applies to everyone.
What happens if you overcontribute to HSA?
Contributing more to your health savings account (HSA) than the IRS limit for the tax year creates excess contributions. All excess contributions are subject to income tax and a 6% excise tax each year until corrected.
What happens to your HSA when you turn 65?
Once you turn 65, you can use the money in your HSA for anything you want. If you don't use it for qualified medical expenses, it counts as income when you file your taxes.
Can I use HSA for dental?
Your HSA also covers expenses for standard dental cleanings and dental check-ups. One thing to keep in mind is that some of these procedures may have a co-payment, so it's important that you check with your dental insurance provider to find out exactly what you'll have to pay out of pocket.
Is it better to have an HSA or copay?
If you don't have an HDHP, have a family, and require frequent diagnostic medical care, a copay plan may be a better option. Neither an HSA or copay plan is better than the other; you just need to decide which plan meets all of your needs and will benefit you the most.
Can both spouses contribute to an HSA?
The IRS treats married couples as a single tax unit, which means you must share one family HSA contribution limit of $8,300 if you are on the same health policy. If you and your spouse each have your own self-only coverage, you may each contribute up to $4,150 annually into your separate accounts.
What is the 12 month rule for HSA?
It means you must remain eligible for the HSA until December 31 of the following year. The only exceptions are death or disability. If you violate the testing period requirement, your ineligible contributions become taxable income.
Should you max out your HSA?
If you're able, consider contributing the annual maximum amount. The more you can contribute, the more you can benefit from the HSA's potential tax advantages.
What happens to unused HSA funds?
Unlike many flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), unused HSA funds automatically carry over to the following year. Even if your employer provided the account and made contributions, the account belongs to you — so any remaining funds are carried over every year.
Can my spouse contribute to a family HSA if I am on Medicare?
Yes, being eligible to contribute to the HSA is determined by the status of the HSA account holder not the dependents of the account holder. Your spouse being on Medicare does not disqualify you from continuing contributions to the HSA up to the family limit, even if they are also covered by the HDHP.
How to know if HSA is family or individual?
While often referred to as a “Family HSA” account, there is actually no such thing. Each HSA is owned by one person. But family coverage under a qualifying HDHP allows you to use your HSA to pay for qualifying medical expenses for yourself and your family.