Originally Posted by hpnutty
2012 rules - HSA holders can choose to save up to $3,100 for an individual and $6,250 for a family (HSA holders 55 and older get to save an extra $1,000 which means $4,100 for an individual and $7,250 for a family) - and these contributions are 100% tax deductible from gross income.
The limit is $7,250 for a family with the holder 55 or older in 2012.
My understanding is it would be $7,250 for family coverage where one person is over 55, but would be $8,250 for family coverage where both people are over 55. That is the way HealthEquity explained it to me this morning.
IOW, for family coverage the limit is $6,250 + $1,000 or each
person over 55.
However, since the max contribution to a single HSA account for a year is $7,250, the $8,250 would need to be allocated between two accounts. For example, DW and I have family coverage and will contribute $1,000 to her account and $7,250 to my account, but we could split the $8,250 differently if we want to.
page 6 under rules for married people.