How Much to Contribute to HSA if One Spouse has Medicare

If one spouse is enrolled in Medicare, the other spouse can still contribute to a Health Savings Account (HSA), as long as they meet the eligibility criteria. The contribution limit for 2021 is $7,200 for family coverage and $3,600 for self-only coverage. However, if one spouse is 55 or older, they can contribute an additional $1,000 as a catch-up contribution.

Here are some important points to note when determining how much to contribute to an HSA when one spouse has Medicare:

• Each individual can only contribute to their own HSA account, even if they are covered by a family health insurance plan.
• If the spouse with Medicare is not eligible to contribute to an HSA, the other spouse can still contribute up to the family or self-only limit, depending on their coverage.
• The total contribution for a family cannot exceed the family coverage limit, even if one spouse has Medicare.

If one spouse is enrolled in Medicare and the other still qualifies for a Health Savings Account (HSA), both can maximize their contributions. For 2021, the family contribution limit is $7,200, and if the contributing spouse is 55 or older, they can add another $1,000.