HSA Contribution Limits for Spouses
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Usually you know your own benefits or HSA limits and capabilities pretty well. But how well do you know the limits of your benefit plan for your spouse?
Federal tax law imposes strict limits on how much can be contributed to a health savings account (HSA) each year. The maximum contribution limit generally depends on whether an HSA-eligible individual has self-only or family coverage under a high deductible health plan (HDHP). Individuals who are age 55 or older by the end of the tax year are permitted to make an additional $1,000 HSA contribution, called a “catch-up contribution.”
There’s a special contribution limit for married individuals, which provides if either spouse has family HDHP coverage, then both spouses are treated as having only that family coverage. This means that if both spouses are HSA-eligible and either has family HDHP coverage, the spouses’ combined contribution limit is the annual maximum limit for individuals with family HDHP coverage.
The table below shows the HSA contribution limits for employees when special contribution limit for spouses applies.
Questions on this chart or HSAs in general? Chat with a member of the 'A' Team today!
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