How is the HSA contribution limit computed if one or both spouses have family coverage?
In the case of married couples, if one spouse has family coverage under a separate health plan, both spouses are treated as covered under the plan with the lowest deductible. The contribution limit for spouses is the lowest deductible amount, divided equally between the spouses unless they agree on a different division. The family coverage limit is reduced further by any contribution to an existing HSA during the same calendar year. However, both spouses may make the catch-up contributions for individuals age 55 or over without exceeding the family coverage limit.
Related Questions
- If one or both spouses have a qualified high deductible health plan with family coverage, how is the contribution computed?
- If both spouses have a qualified high deductible health plan with family coverage, how is the contribution computed?
- How is the HSA contribution limit computed if one or both spouses have family coverage?
