Fellow Bogleheads:
This may have been posted previously but I have not seen this particular topic so I thought I'd share it...
There seems to be a common misunderstanding regarding how much a couple can contribute to an HSA. I almost always see the $7,900 number (assuming age 55 or older) but the number is actually $8,900 (assuming both are age 55). You are only permitted to contribute $7,900 into any ONE individual's HSA account per year. However, if you are both 55 and covered under the same high deductible health plan (HSA-eligible), you can open an HSA account for both people (two accounts) and split the $8,900 into each account (e.g., $4,450 in each, $7,900 in one and $1,000 in the other, etc.). This does mean you'll be paying twice the fees but it is a way to reduce your taxes and save for medical care.
HSAs - Max it Out at $8,900
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Re: HSAs - Max it Out at $8,900
Might want to change title to add the little part about being 55+.
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