Can Pension Income Be Contributed to an HSA? Exploring the Possibilities

When it comes to contributing to a Health Savings Account (HSA), there are specific rules and guidelines to follow. One common question that arises is whether pension income can be contributed to an HSA.

Unfortunately, pension income cannot be directly contributed to an HSA. Contributions to an HSA must be made from earned income, such as wages or self-employment income. Pension income, on the other hand, does not qualify as earned income for the purpose of HSA contributions.

It's important to note that while pension income itself cannot be contributed to an HSA, individuals who have pension income are still eligible to open and contribute to an HSA if they meet the other eligibility requirements.

Are you considering boosting your Health Savings Account (HSA) contributions but wondering if your pension income plays a role? In short, pension income cannot be directly contributed to an HSA, as only earned income, like wages and business earnings, qualifies for contributions.