- Can an individual and their spouse have family HDHPs and HSAs?
Two spouses with a family HDHP have a maximum annual HSA contribution of $7,100 in 2020. This contribution limit applies whether each spouse has their own HSA or if only one member of the family has an HSA.
The amount each spouse can contribute is split equally by default, but the family can change how the contributions are split if they so choose.
A family cannot share a joint HSA. Each spouse who wants to contribute to an HSA must open a separate HSA. Money cannot be transferred between the HSAs. A spouse may use withdrawals from his or her HSA for the eligible medical expenses of the other spouse, without penalty. However, money cannot be withdrawn from two HSAs to pay for the same expense.
Spouses with individual HDHPs can contribute up to $3,550 in 2020. If the individual is age 55 or older, an additional $1,000 catch-up contribution can also be contributed. See Catch-up Contributions to learn more.
For other tax situations, consult your tax advisor.