HSAs

Short answer: Your HSA contribution limit is usually prorated based on the number of months you’re eligible, unless you qualify for the last-month rule and remain eligible through the following year.

Short answer: If you are age 55 or older, you can contribute an extra $1,000 to your HSA each year, as long as you are HSA-eligible and have your own HSA.

Short answer: For 2026, you can contribute up to $4,400 with self-only coverage or $8,750 with family coverage. If you’re age 55 or older, you can contribute an additional $1,000.

Short answer: No. You do not need earned income or a job to contribute to an HSA, as long as you are otherwise HSA-eligible.

Short answer: Anyone can contribute to your HSA—including you, your employer, or a family member—as long as you are HSA-eligible, but all contributions combined must stay within the annual IRS limit.

Short answer: HSAs are individual accounts. You can use your HSA to pay for your spouse’s qualified medical expenses, but each eligible spouse must have their own HSA to make contributions.

Short answer: Sometimes. You can only have other coverage if it is HSA-compatible and does not pay for non-preventive care before your HSA plan’s deductible is met.

Short answer: A health plan is HSA-eligible if it meets IRS rules for minimum deductibles and maximum out-of-pocket limits and does not provide non-preventive benefits before the deductible is met.

Short answer: To open and contribute to an HSA, you must be enrolled in an HSA-qualified high-deductible health plan, have no disqualifying coverage, not be enrolled in Medicare, and not be claimed as someone else’s tax dependent.

Short answer: A Health Savings Account (HSA) is a tax-advantaged savings account used to pay for qualified medical expenses when you are enrolled in an HSA-qualified high-deductible health plan.