Married Couples 55+ Can Combine Both HSA Catch-Up Contributions.

This bill allows married couples, where both spouses are aged 55 or older and covered by a family High Deductible Health Plan (HDHP), to combine both of their individual "catch-up contributions" into a single Health Savings Account (HSA). This change provides greater flexibility and increases the total tax-advantaged savings capacity available to older couples for healthcare expenses. The amendments apply starting from the 2024 tax year.