Maximize your tax-deductible Health Savings Account (HSA) contribution for 2013 for greater long-term savings. The last day to do so is April 15, 2014.
You and your employer can contribute in total up to $3,250, if you’re under 55 years of age and have single HSA compatible health coverage, and up to $6,450 if you are under 55 years of age and have family HSA compatible health coverage.
If you are 55 years old and over and not receiving Medicare benefits, then you may also contribute an additional “catch-up” contribution of $1,000. Your spouse is also entitled to a catch-up contribution if he/she meets the eligibility requirements noted above. For your spouse to make the catch-up contribution, he/she will need to open a spousal HSA account. It’s a quick and easy process and we’d be happy to help. Contact us at 800.617.4729 or email@example.com.
Please note: If you add to your HSA account for the 2013 tax year up, you will need to add those contributions to what is listed on your 2013 statement when you prepare your tax return.