How Much Can a Married Couple Contribute to an HSA in 2020?

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

2020 HSA limits for married couples

Health Savings Accounts (HSAs) are a valuable tool for individuals and families to save money for medical expenses while enjoying tax benefits. For married couples looking to maximize their HSA contributions in 2020, there are specific limits set by the IRS.

In 2020, a married couple can contribute up to $7,100 to their HSA account if they have family coverage. This amount includes both employer and employee contributions combined.

If both spouses are 55 years or older, they can make an additional catch-up contribution of $1,000 each, bringing the total potential contribution to $9,100.

It's important to note that these contribution limits are subject to annual adjustments by the IRS, so it's advisable to stay updated on any changes.

IRS tax-advantaged HSA contribution overview

Health Savings Accounts (HSAs) not only provide an excellent way for families to save on healthcare costs, but they also offer significant tax advantages. For married couples in 2020, the IRS sets a contribution limit of $7,100 for those with family coverage, which combines both employee and employer contributions.