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M
mupfamily
April 17, 2020
Question

In reviewing our return, I see that we were incorrectly given $3500 ea on the HSA page. We are NOT under 55 and not sure why it is noted.

  • April 17, 2020
  • 1 reply
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1 reply

O
Opus 17
Employee
April 17, 2020

The contribution limits for 2019 are $3500 if you are covered by single insurance, or $7000 if you are covered by a family plan. If one spouse is covered by a family plan, then both spouses are eligible to make contributions as if they were covered by a family plan. The maximum contribution for each spouse in that case is $7000, but the total contribution limit for the couple is also still $7000.

 

If you and your spouse are each covered by a single policy, then your limits are $3500 each. What do you think the program got wrong?

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