How Much Can a Couple Contribute to an HSA?

Health Savings Accounts (HSAs) are a valuable tool for saving money on healthcare expenses while enjoying tax benefits. For couples looking to maximize their HSA contributions, it's important to understand the limits set by the IRS.

So, how much can a couple contribute to an HSA? The contribution limits for an HSA depend on whether you have self-only coverage or family coverage. For the year 2021, the maximum contribution limits are:

• Self-only coverage: $3,600
• Family coverage: $7,200

It's essential to note that these limits can change from year to year due to inflation adjustments. Couples can contribute up to the family coverage limit if both partners are covered under a family HSA-eligible plan. If only one partner has family coverage, the total contribution amount should not exceed the family coverage limit.

Maximizing your HSA contributions can help you save for future medical expenses and reduce your taxable income. By understanding the contribution limits, couples can make informed decisions about their healthcare savings strategy.

Knowing how much a couple can contribute to a Health Savings Account (HSA) is essential for effective healthcare planning. In 2021, the IRS sets clear contribution limits based on who is covered under the plan, maximizing tax advantages and savings.