No. As long as you’re HSA-eligible, you can contribute—even if you don’t have earned income or are currently unemployed.
HSAs
Health Savings Accounts (HSAs) are powerful, tax-advantaged tools for covering medical expenses and building long-term savings. Browse these FAQs to learn who qualifies, how much you can contribute, what expenses are eligible, and how HSAs compare to other benefit options.
Who can contribute to my HSA?
Anyone can contribute to your HSA—yourself, your employer, or a family member. But all contributions combined must stay within the annual IRS limit for your coverage type.
Can spouses share an HSA, or do we each need our own?
HSAs are individual accounts. You can pay for your spouse’s medical expenses, but each eligible spouse must have their own HSA to contribute separately.
Can I have other coverage and still qualify for an HSA?
Only if it’s HSA-compatible. Coverage that pays for non-preventive care before your deductible—like a spouse’s general FSA—can make you ineligible.
What makes a health plan HSA-eligible?
To qualify, a plan must meet IRS rules for deductibles and out-of-pocket limits—and avoid offering coverage before the deductible is met (except for preventive care).
Who can open a Health Savings Account (HSA)?
To open an HSA, you must have an HSA-qualified health plan, no disqualifying coverage, not be on Medicare, and not be claimed as someone else’s tax dependent.
What is a Health Savings Account (HSA)?
An HSA is a tax-free savings account for medical expenses. It works with high-deductible plans and offers triple tax benefits: tax-free contributions, growth, and qualified withdrawals.
How do HRAs, FSAs, and HSAs differ from one another?
HRAs are employer-owned and funded, unlike HSAs and FSAs. Each account has different rules for contributions, ownership, and how or when funds become available.