Who Can I Add as a Dependent on an HSA Account?

When it comes to a Health Savings Account (HSA), you have the option to add dependents to your account. This can be helpful in covering the medical expenses of your loved ones. So, who can you add as a dependent on your HSA account?

Dependents that can be added to your HSA account typically include:

• Spouse
• Children
• Anyone you claim as a dependent on your tax return

Adding dependents to your HSA account can provide tax advantages and financial support for their medical needs. It's important to ensure that the dependents you add meet the criteria set by the IRS to qualify as dependents for HSA purposes.

When considering a Health Savings Account (HSA), adding dependents can expand your financial safety net. Here’s who you can typically include in your HSA account:

• Spouse
• Children
• Anyone you claim as a dependent on your tax return, such as elderly parents or other relatives in your care.

By adding eligible dependents, you not only help cover their medical expenses but also leverage potential tax advantages, making your contributions even more effective.