What if both spouses have separate high-deductible health plans (HDHP)?
A. If both spouses have a family HDHP and an HSA, then the total maximum annual contribution between the two HSAs is limited to the lower family deductible. Each individual is entitled to 50 percent of the annual contribution, unless they agree otherwise. However, both may make the catch-up contributions for individuals age 55 and older without exceeding the family coverage limit.
Related Questions
- Can an individual who is not covered by a high-deductible health plan HDHP for the whole year contribute the maximum annual limit established by the IRS?
- How does one go about determining if financial assets are separate property (owned by one spouse) or community property (owned by both spouses) in a divorce?"
- What is a High Deductible Health Plans (HDHP)?
