Can a Spouse Contribute to an HSA?

Yes, a spouse can contribute to an HSA (Health Savings Account)! HSAs are a great way for individuals and families to save money tax-free for medical expenses. Here are some key points to consider:

• As long as both spouses are covered by a high-deductible health plan (HDHP) and are not enrolled in Medicare, each spouse can contribute to their own separate HSA accounts.
• Spouses can contribute up to the annual HSA contribution limit set by the IRS each year. For 2021, the limit is $3,600 for individuals and $7,200 for families.
• Contributions to an HSA are tax-deductible, meaning you can lower your taxable income by contributing to your HSA.
• Any contributions made by either spouse belong to the individual account holder and can be used for qualified medical expenses for themselves, their spouse, or any dependents.
• Unused HSA funds can be carried over from year to year, unlike flexible spending accounts (FSAs) that have a
  

  Absolutely! A spouse can indeed contribute to an HSA (Health Savings Account). This savings vehicle is a fantastic option for couples looking to save money tax-free for medical expenses together. It’s crucial to note that both partners must be covered under a high-deductible health plan (HDHP) and not enrolled in Medicare to be eligible to contribute.