Can My Spouse Have an HSA If I Am on Medicare?

If you are on Medicare, you cannot contribute to a Health Savings Account (HSA). However, it is possible for your spouse to have an HSA if they are eligible and meet certain criteria.

Here are some key points to consider:

• Your spouse can have an HSA in their name if they are not on Medicare and are enrolled in a High Deductible Health Plan (HDHP).
• Your spouse's HSA contributions can be used for both of your medical expenses, as long as they are qualifying expenses under IRS rules.
• If you are on Medicare, your spouse's HSA contributions cannot be used for your medical expenses, but they can still use them for their own eligible expenses.
• It's important to keep in mind that your spouse's HSA contributions may have an impact on your joint tax return, so it's advisable to consult with a tax advisor.

If you are enrolled in Medicare, you may wonder about your spouse's ability to contribute to a Health Savings Account (HSA). The good news is that your spouse can absolutely have an HSA, provided they meet specific eligibility criteria.