HSA catch up of $1000 - Per person or per account?

Are you wondering if the HSA catch-up of $1000 applies per person or per account? Let's delve into this topic to clarify any confusion.

When it comes to HSA catch-up contributions, the $1000 limit is per person, not per account. This means that each eligible account holder aged 55 or older can contribute an additional $1000 towards their HSA on top of the regular contribution limit.

It's essential to understand that the catch-up contribution is tied to the individual, allowing them to boost their savings for health expenses in their HSA.

The HSA catch-up contribution is a fantastic opportunity for individuals aged 55 and older to enhance their health savings. Remember, the $1000 catch-up is per person, allowing you to significantly increase your tax-advantaged savings.