How Much Can a Married Couple Contribute to an HSA in 2021?

Health Savings Accounts (HSAs) are a great way for individuals and families to save money for medical expenses while enjoying tax benefits. For married couples looking to contribute to an HSA in 2021, the contribution limits depend on whether each spouse has their own HSA or if they share one account.

If both spouses have their own HSA accounts, each can contribute up to the individual limit set by the IRS for 2021. For a married couple, the total contribution limit can be the sum of both individual limits.

In 2021, the annual contribution limit for an individual HSA is $3,600, and for a family HSA, it is $7,200. Therefore, a married couple with separate HSA accounts can contribute up to $7,200 ($3,600 each) in total for the year.

Alternatively, if the married couple shares one HSA account, they can contribute up to the family limit of $7,200 for 2021.

Summary:

• For separate HSA accounts: Each spouse can contribute up to $3,600, totaling $7,200 for the couple.
• For a shared HSA account: The couple can contribute up to $7,200 together.

Health Savings Accounts (HSAs) are not just a flexible way to save for medical costs; they can also serve as a financial safety net. In 2021, married couples have a great opportunity to maximize their tax savings and healthcare funding.