How Much Can a Married Couple Put in an HSA Both Over 55 with One HSA?

Health Savings Accounts (HSAs) are a great way for individuals and families to save for medical expenses while enjoying tax benefits. If you're a married couple both over 55 years old sharing one HSA account, you might be wondering how much you can contribute to it. Let's delve into the specifics!

For the year 2021, the contribution limit for an HSA for a married couple both over 55 is $9,200. This includes the catch-up contribution of $1,000 for each account holder who is 55 or older. However, since you're sharing one HSA, the maximum you can contribute as a couple is still $9,200.

It's important to note that these limits are subject to change, so it's always a good idea to check with the IRS or a financial advisor for the most up-to-date information.

Health Savings Accounts (HSAs) are an excellent tool for managing healthcare costs and can be especially beneficial for married couples. If both of you are over 55 and share one HSA, the contribution limit for 2021 is a combined total of $9,200, which includes a catch-up contribution of $1,000 for each of you. This catch-up provision allows you to add a little more to your savings for those upcoming medical expenses.