Can Both Spouses Have a Health Savings Account (HSA)?

Many couples wonder if both spouses can have a Health Savings Account (HSA), and the answer is yes! Both spouses can have their own individual HSAs as long as they each meet the eligibility requirements.

To be eligible for an HSA, individuals must be covered by a High Deductible Health Plan (HDHP) and cannot be covered by any other non-HDHP health insurance plan. As long as both spouses meet these requirements, they can each open and contribute to their own HSA.

Having separate HSAs can offer couples more flexibility when it comes to managing their healthcare expenses. Each spouse can use their HSA funds for their eligible medical expenses, and they can choose how much to contribute to their accounts based on their individual healthcare needs.

Yes, both spouses can absolutely have their own Health Savings Accounts (HSAs), which means each partner can tailor their savings strategy to suit individual needs.