Do You Have to Have Income to Contribute to an HSA?

Having income is not a requirement to contribute to an HSA, as there are no income limits for opening or contributing to an HSA. However, there are specific eligibility criteria that must be met to qualify for an HSA account.

Individuals who wish to contribute to an HSA must be covered by a High Deductible Health Plan (HDHP), not be enrolled in Medicare, and not be claimed as a dependent on someone else's tax return.

Even if you are not currently employed or do not have taxable income, you can still contribute to an HSA as long as you meet the eligibility requirements mentioned above.

It's important to note that while you don’t need a conventional income to add funds to your Health Savings Account (HSA), your situation must still align with specific eligibility rules, primarily being covered by a High Deductible Health Plan (HDHP).