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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.
Key points
Spouses aged 55 and over can now pool both of their additional HSA catch-up contributions into one account.
This maximizes tax-advantaged savings for healthcare costs for eligible older married couples.
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Additional Information
Contribution Opportunities for United Partners with Limit Expansions in a Single HSA
Print number: HR 5607
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2023-09-20