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Contributions To A Health Savings Account

Who Can Make Contributions to An HSA

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  • Any eligible employee or self-employed person can contribute to an HSA. You can contribute to an HSA even if you don't have any income or if your income is less than the amount of the contribution. There is no maximum income.
  • If you are an employee, the employer may also contribute to your HSA. Employer contributions are both irrevocable and irretrievable.
  • Family members or other people can also contribute to your HSA. If they do, their contributions are deductible by you in computing adjusted gross income, even if you don't itemize deductions. (Note that if you may be claimed as a dependent on another person's tax return, you are not eligible to have an HSA.)
  • You cannot make contributions if you are eligible for Medicare.
  • Rollovers are permitted into HSAs in certain situations.

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