Can couples establish a joint account and both make contributions to the account, including “catch-up” contributions?
Joint HSA accounts, accounts with more than one owner, are not permitted. Each spouse should establish their own account in their own name. This allows both spouses to make a catch-up contribution when each spouse is 55 or older. Employees and their spouses who both work at the University and elect to be covered under one Plan B policy will be able to establish separate HSAs.
Related Questions
- Can couples establish a joint account and both make contributions to the account, including "catch-up" contributions?
- Can I make age-50 catch-up contributions as a designated Roth contribution to my designated Roth account??
- Can couples establish a "joint" account and both make contributions to the account?