Increased Health Savings for Spouses: Joint HSA Catch-Up Contributions
This bill allows married couples, where both spouses are 55 or older and covered by a High Deductible Health Plan (HDHP), to make additional 'catch-up' contributions to the same Health Savings Account (HSA). This change provides greater financial flexibility for older couples to save more for healthcare expenses. The new rules will apply to tax years beginning after December 31, 2025.
Key points
Married couples, where both spouses are aged 55 or older, can now include both 'catch-up' contribution amounts when calculating the limit for a single HSA.
The total contribution limit for married individuals with family coverage will be divided equally between spouses, unless they agree on a different division.
This change increases the maximum amount older couples can jointly save tax-free for future medical costs.
The amendments take effect for taxable years beginning after December 31, 2025.
Introduced
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