HSA members that will be 55 or older by December 31, can sock away an additional $1,000 for that year. If married, and have family coverage and the HSA member’s spouse will be 55 by the end of the year, he or she can also put away the $1,000 catch-up—but only into his or her own HSA, which can be set up specifically to accept these contributions.
You can contribute to an HSA if you’re in a qualifying high-deductible health plan. For 2021, that means a plan with individual coverage that has at least $1,400 in annual deductible and no more than $7,000 in annual out-of-pocket expenses. For family coverage, the plan must have at least $2,800 in annual deductible and no more than $14,000 in annual out-of-pocket expenses.