Can my spouse do an HSA catch-up contribution if they are 55 and I am not?

If your spouse is 55 years or older and you are not, they can make catch-up contributions to your HSA account. HSA catch-up contributions allow individuals who are 55 or older to save additional funds for healthcare expenses beyond the regular contribution limits.

Here's how catch-up contributions work:

• Individuals aged 55 and older can contribute an extra $1,000 per year to their HSA account in addition to the annual contribution limit.
• The regular contribution limit for 2021 is $3,600 for individuals with self-only coverage and $7,200 for those with family coverage.
• If both you and your spouse have HSA accounts, your spouse can make catch-up contributions to their own HSA account, even if you are not yet 55.

Yes, if your spouse is 55 or older, they can indeed make an HSA catch-up contribution to their own HSA account regardless of your age. This invaluable opportunity allows for additional savings specifically tailored for healthcare expenses as you both prepare for retirement.