How Much Can a Married Couple Contribute to a Joint HSA Account in 2019?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

2019 joint HSA limits by coverage type

Health Savings Accounts (HSAs) are a great way for individuals to save money for medical expenses while enjoying tax benefits. For married couples, contributing to a joint HSA account can be a smart financial move. In 2019, the maximum amount that a married couple can contribute to a joint HSA account is determined by the coverage type they have.

If both spouses are under a family high-deductible health plan, then they can contribute up to the family coverage limit for that year. If one spouse has self-only coverage and the other has family coverage, the total contribution cannot exceed the family coverage limit.

2019 contribution amounts and catch-up rules

In 2019, the contribution limits for HSAs are as follows:

• For family coverage: $7,000
• For self-only coverage: $3,500

It's important to note that these contribution limits are subject to annual adjustments by the IRS, so it's essential to stay updated on any changes. Additionally, individuals who are 55 or older can make catch-up contributions of up to $1,000 per year.

When planning for healthcare costs, it's crucial for married couples to take full advantage of Health Savings Accounts (HSAs). In 2019, if both partners are enrolled in a family high-deductible health plan, they can jointly contribute up to $7,000 to their HSA, allowing for substantial tax savings and preparation for unforeseen medical expenses.