Short Answer: If both spouses are HSA eligible and at least age 55, each spouse may make a $1,000 catch-up contribution to their own HSA. Therefore, unless the last-month rule applies, an individual must be HSA eligible for all 12 months of the calendar year to contribute the full $1,000 catch-up contribution.

How much can a married couple contribute to an HSA in 2020 catch up?

The maximum contribution limit (to be allocated between them) is $7,000 for 2019 ($7,100 for 2020). No HSA contributions No HSA contributions No HSA contributions if spouse is covered under employee’s coverage. If not covered, spouse may contribute up to $3,500 for 2019 ($3,550 for 2020).

Is there a limit to how much a spouse can contribute to a HSA?

Only one spouse is HSA-eligible. The contribution limit is determined based on the HSA-eligible spouse’s coverage, without applying the special contribution rule. This means that the HSA–eligible spouse may contribute the full amount based on his or her HDHP coverage and no allocation is made to the ineligible spouse.

Can a married spouse contribute to a health savings account?

• A special contribution limit applies to married spouses when either spouse has family HDHP coverage. Many employers offer high deductible health plans (HDHPs) to control premium costs and then pair this coverage with health savings accounts (HSAs) to help employees with their health care expenses.

Who is eligible to contribute to a health savings account?

An HSA is a tax-favored trust or account that can be contributed to by, or on behalf of, an eligible individual for the purpose of paying qualified medical expenses.

When does an employer have to contribute to an HSA?

When an employer makes a pre-tax contribution to an employee’s HSA, the employer should have a reasonable belief that the contribution will be excluded from the employee’s income. However, the employee, and not the employer, is primarily responsible for determining eligibility for HSA contributions.