Can each spouses make a catch-up contributions to HSA?
Asked by: Adrian Raynor | Last update: September 20, 2025Score: 4.2/5 (47 votes)
Can both spouses do catch-up on HSA contributions?
If you're married and both you and your spouse have separate HSAs, each of you are eligible to make $1,000 catch-up contributions.
Is the HSA catch-up per person?
If you and your spouse are both age 55 or over, not enrolled in Medicare, and otherwise eligible, you each can make $1,000 HSA catch-up contributions, but you must do so in separate HSAs. These contributions can be taken as a tax deduction on your personal taxes.
Can I make contributions to my spouse's HSA?
Yes, anybody can put money in your HSA. The money can come from your spouse or your parent or your savings account or your employer or a complete stranger. The only thing that matters is that when you add up the amounts contributed to the two spouses' HSAs, they cannot exceed the annual max of $7750.
What is the tax loophole for HSA?
HSA Tax Advantages
Your contributions may be 100 percent tax-deductible, meaning contributions can be deducted from your gross income. All interest earned in your HSA is 100 percent tax-deferred, meaning the funds grow without being subject to taxes unless they are used for non-eligible medical expenses.
HSA Hack for Married Couples Age 55+
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).
Does IRS check HSA contributions?
Does HSA spending trigger an audit? The IRS doesn't monitor how you spend your HSA funds throughout the year, but that doesn't mean they won't ask for proof that your expenses were eligible. And if your tax return contains unrelated IRS audit red flags, your risk for an HSA audit could increase.
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.
Can my wife use my HSA card if she is 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.
How much can a married couple contribute to HSA in 2024?
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.
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.
Can you 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.
What are the rules for HSA catch up contributions?
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. Refer to HSA contribution limits in the 4012, Volunteer Resource Guide, Tab E, Adjustments.
Can I use my HSA to pay for my girlfriend?
The only time you can use your HSA to pay for the healthcare costs of a friend is if you have named that person as a dependent on your most recent tax return (provided that they qualify under the non-relative qualifications — detailed below).
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.
Can both spouses contribute to an HSA?
The contribution limit is divided between the spouses by agreement. If there is no agreement, the contribution limit is split equally between the spouses. Any additional contribution for age 55 or over must be made by each spouse to his or her own HSA.
What if I accidentally used my HSA card for groceries?
If you catch the transaction early enough, you might even be able to contact the retailer and ask them to reverse the charge and fill it on a new card. If you bought something in person, you can also return it to the store and then buy it again with a different card.
Can I use my HSA for gym membership?
Generally, the IRS doesn't allow pretax dollars in HSAs or FSAs for gym memberships. This is because they see them as expenses for general well-being rather than medical necessity. However, with a Letter of Medical Necessity (LMN), your HSA or FSA could be used to fund those expenses.
When should I stop putting money in my HSA?
If you don't use it for qualified medical expenses, it counts as income when you file your taxes. Six months before you retire or get Medicare benefits, you must stop contributing to your HSA. But, you can use money left in your HSA to help pay for qualified medical expenses that Medicare doesn't cover.
Are vitamins HSA eligible?
In general, vitamins are not considered an HSA eligible expense unless they are prescribed by a doctor for a specific medical condition. For example, if your doctor prescribes prenatal vitamins during pregnancy or recommends vitamin D supplements to treat a deficiency, those could be eligible expenses under your HSA.
Can I use my HSA to pay health insurance premiums if I retire early?
If you pay for your medical expenses out of pocket now, you'll have more saved in your HSA account to help pay for medical expenses once you retire. If you retire before age 65 and you aren't yet eligible for Medicare, you can use money in your HSA to pay your medical coverage premiums.
Can I use my HSA for glasses?
Both FSA and HSA pre-tax health accounts can be used to pay for prescription glasses, contact lenses, eye exams and more. Eyewear that corrects your vision is considered a medical product, which means you can use your health plans to help cover the cost.
How often do people get audited for HSA?
Answer: It depends on how much tax free money has been hiding in your HSA. Since you are asking in November instead of January I am guessing that your HSA is being audited (looked at by an algorithm) every 90 days; or perhaps every 60 or even ever 30 days, depending on the balance.
How do I avoid tax on my HSA?
Once you turn 65, you can withdraw money from your HSA for any reason without penalty. But for the distribution to be tax- and penalty-free, it must be used for qualified medical expenses. If you use the funds for other purposes, the amount withdrawn will be subject to regular income taxes.