Can I Contribute to an HSA If My Spouse Has an HRA?

If your spouse has a Health Reimbursement Arrangement (HRA), it can impact your ability to contribute to a Health Savings Account (HSA). An HRA is a type of employer-funded health benefit plan that reimburses employees for qualified medical expenses. Here's how having a spouse with an HRA may affect your HSA contributions:

Generally, if your spouse has an HRA that covers you, it may make you ineligible to contribute to an HSA. This is because an HRA is considered a disqualifying health plan for HSA purposes. However, there are some exceptions to this rule:

• If the HRA only covers your spouse and doesn't include you, you may still be eligible to contribute to an HSA.
• If the HRA is a limited-purpose or post-deductible HRA that only covers dental, vision, or other specified expenses after the minimum annual deductible is met, you may be able to contribute to an HSA.
• If your spouse's HRA is a high-deductible health plan (HDHP) with a health savings account attached, you could potentially both contribute to your respective HSAs.

It's essential to understand how your spouse's HRA works and how it may impact your HSA eligibility. If you have questions, it's recommended to consult with a benefits administrator or a financial advisor to ensure you are making informed decisions about your health benefits.

If your spouse has a Health Reimbursement Arrangement (HRA), it can have significant implications for your ability to contribute to a Health Savings Account (HSA). While HRAs are employer-funded plans designed to reimburse employees for qualified medical expenses, they can also impact your HSA eligibility. Understanding this interplay is vital for effective planning.