Can anyone make catch-up contributions to an HSA?
• Yes. If you are 55 or older and covered by a qualified HDHP, you can make additional catch-up contributions each year until you are enrolled in Medicare benefits. The maximum annual catch-up contributions to an HSA per year are as follows: • 2007 – $800 • 2008 – $900 • 2009 and later – $1,000 If both spouses have HSAs, then each is permitted full catch-up contributions, provided they are covered by a qualified HDHP for the entire year. If you will reach age 55 before the close of the calendar year, you may make a full year’s catch-up contribution, provided you are covered by a qualified HDHP no later than December 1st.
• Yes. If you are 55 or older and covered by a qualified HDHP, you can make additional catch-up contributions each year until you are enrolled in Medicare benefits. The maximum annual catch-up contributions for year 2009 and after are $1,000. If both spouses have HSAs, then each is permitted full catch-up contributions, provided they are covered by a qualified HDHP for the entire year. If you will reach age 55 before the close of the calendar year, you may make a full year’s catch-up contribution, provided you are covered by a qualified HDHP no later than December 1st.
