Moreover, each spouse can make an additional $1,000 catch-up contribution to his or her own account when reaching age 55. It’s important to stay on top of these rules.

In such cases, while the Medicare-enrolled spouse cannot contribute to the HSA, the other spouse may still be eligible for family contribution limits. 2.

In 2024, the spouse can contribute up to $8,300 to their HSA (increasing to $8,550 in 2025). If the spouse is age 55 or older, they can also take advantage of a $1,000 catch-up contribution.

Based on the eligibility rules, Kevin would only be permitted to make a contribution to his own HSA for two months of the year, or $1,592 ($8,550 is the family limit for 2025, plus $1,000 is the catch ...

She has family coverage, and the 2025 contribution limit for that coverage level is $8,550. She is 62, so she is eligible for the $1,000 catch-up contribution. She is married, and she adjusts her ...

HSA Contribution Limits The Internal Revenue Service (IRS) limits how much you can put into a health savings account. In 2025, you can contribute up to $4,300 as an individual or up to $8,550 if ...

This results in an excess contribution of $3,850 – $2,888 = $962, which must be withdrawn from the HSA by the tax filing deadline of April 15, 2024, to avoid a 6% excise tax on the excess amount.

The health savings account contribution limits for 2024 are $4,150 for individuals and $8,300 for family coverage. Those 55 and older can make a catch-up contribution of $1,000.

When a spouse incurs qualified medical expenses, they can withdraw from the IRA tax-free. Because of the major tax benefits, this is the ideal scenario for your HSA when you die.