How Much Money Can 2 People Put in an HSA?

When it comes to contributing to a Health Savings Account (HSA) for two people, there are specific limits set by the IRS that you need to be aware of. An HSA is a tax-advantaged account that allows individuals and families to save money for medical expenses. Here is a breakdown of how much money 2 people can put in an HSA:

- For 2021, the maximum contribution limit for a family HSA is $7,200.

- If both individuals are under the age of 55, each person can contribute up to $3,600 to the HSA.

- If one individual is 55 or older, they can make an additional catch-up contribution of $1,000.

Therefore, for a family with two individuals under 55 years of age, the total maximum contribution would be $7,200.

It's important to note that these contribution limits are subject to change, so it's essential to stay updated with the IRS guidelines.

When it comes to managing health care costs, contributing to a Health Savings Account (HSA) for two people can be incredibly beneficial. Did you know that for 2021, the IRS set a maximum contribution limit for family HSAs at $7,200? This means that together, you and your partner can maximize your health and savings potential.