Can I Make a Catch Up Contribution to an HSA If My Spouse Is over 55 But I Am Not?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

Spouse age 55+ and catch-up rules

If your spouse is over 55 but you are not, you still have the opportunity to make catch-up contributions to your Health Savings Account (HSA). This provision allows individuals who are 55 or older to contribute additional funds to their HSA accounts to boost their savings for healthcare expenses in retirement. Here's how it works:

Although you're not 55 or older, as long as you are covered under a qualified high-deductible health plan (HDHP) and meet all other eligibility criteria, you can make regular contributions to your HSA. If your spouse is over 55 and also covered under the same HDHP, they can make catch-up contributions to their own HSA account.

However, you cannot directly transfer your spouse's catch-up contribution to your HSA. Each individual's HSA is separate, and contributions must be made from their own funds.

Key reminders for catch-up contributions

Here are some key points to remember regarding catch-up contributions to HSAs:

• Individuals 55 or older can make catch-up contributions to their HSA.
• Spouses cannot make catch-up contributions to each other's HSAs.
• Regular contributions can still be made by both spouses if both are covered under a qualified HDHP.

Even if you aren't yet 55, your spouse can still take advantage of catch-up contributions to their Health Savings Account (HSA) if they are covered by a qualified high-deductible health plan (HDHP). This allows them to contribute up to an additional $1,000 in their HSA in 2023, making it a fantastic strategy for boosting retirement healthcare savings.