HSA

[JJLivBrah]

I have a high deductible health insurance plan. I just got married last month. My wife does not have health insurance yet. I plan to use my HSA this year to pay for expenses. If I will be filing jointly w my wife, does the fact that she does not have health insurance yet affect my ability to use my HSA?

[KNDavis]

Hi JJLivBrah,

Congratulations on your marriage!  The fact that your new wife does not have health insurance does not affect your ability to use your HSA funds.  Money in your HSA account can be used for qualified medical expenses, regardless of whether your wife has a high deductible health plan, or no health insurance at all.  You can use the HAS money for either your expenses or your wife’s, once you’re married. 

For contributions to your HSA, the limit is based on whether you have self-only coverage or family coverage.  The annual maximum HSA contribution for 2024 is $4,150 for self-only coverage and $8,300 for family coverage.  If you’re over age 55, you can increase those amounts by $1,000 for a catch-up contribution.

Thanks for participating in today's Ask The Expert event!

Kimberly, CPA for over 30 years