Can Individuals Contribute to Spouse's HSA? - Everything You Need to Know

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. One common question that arises is whether an individual can contribute to their spouse's HSA. The answer is yes! You can contribute to your spouse's HSA, subject to certain conditions.

Here's a breakdown of the key points:

• Spousal contributions to an HSA are allowed, even if the spouse is not covered by an HDHP.
• However, the total contributions to both accounts (individual and spouse) should not exceed the annual contribution limits set by the IRS.
• If both spouses are eligible individuals and have family coverage under an HDHP, the total contribution limit applies to both of them combined.
• Contributions can be made by either spouse and are considered as made by the person who is the account holder.

Health Savings Accounts (HSAs) are essential tools for managing healthcare costs, providing individuals not only with a means to save but also with significant tax advantages. One question that often arises is whether one partner can contribute to the other's HSA. The good news? Absolutely — you can contribute to your spouse's HSA as long as you follow a few guidelines!