Last month we kicked-off the first installment of our series on "Top HSA Questions." For the second part in our series, I'll tackle three unrelated, but often asked, health savings account questions spanning from joint accounts, to employer contributions and Medicare, and finally, account establishment.
Question: I've read that spouses aren't allowed to have joint HSA accounts. Why?
Answer: Indeed, this is true, and is something we get asked about regularly. There is actually no such thing as a joint HSA account. HSAs can be owned only by one person — the accountholder. This is often confusing to people because while the accountholder can allow the funds to be accessed by, and used to pay for the expenses of, more than one person (including their spouse), they are still owned by only one person — the accountholder.
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