At What Age Can a Child Be Covered Under Your HSA?

Having a Health Savings Account (HSA) is a smart way to save for medical expenses while enjoying tax benefits. One common question many parents have is at what age can a child be covered under your HSA?

Children can be covered under your HSA until they reach the age of 26. This means that you can use your HSA funds to pay for your child's medical expenses as long as they are under 26 years old.

It's important to note that the child does not have to be a dependent on your tax return to be covered under your HSA. This is great news for parents who want to help their children with medical expenses even if they are not claimed as dependents.

By including your child in your HSA coverage, you can ensure that they have access to funds for medical expenses and receive tax benefits at the same time. Additionally, having your child covered under your HSA can provide peace of mind knowing that they have financial support for healthcare needs.

It's no secret that medical expenses can pile up quickly, and having a Health Savings Account (HSA) allows parents to alleviate some of that financial burden. But did you know that children can be covered under your HSA until they turn 26?