How Old Do You Have to Be to Make Premium Payments with HSA?

When it comes to making premium payments with an HSA (Health Savings Account), the age requirement varies depending on the specific circumstances:

For individual HSA accounts:

• Individuals of any age can make premium payments with their HSA as long as they have a qualified high-deductible health plan (HDHP).

However, there are certain regulations to keep in mind:

• For family HSA accounts:
• Contributions to an HSA are typically made by the accountholder, which could be a parent or guardian for a minor.
• A child can have an HSA if all of the following are true:
• They are a dependent on someone's tax return.

Overall, anyone with an HSA-eligible HDHP can make premium payments into their HSA, regardless of age.

Worried about whether you can make premium payments with your HSA? Don't fret! Individuals of any age can use their Health Savings Account (HSA) to cover premium payments as long as they are enrolled in a qualified high-deductible health plan (HDHP).