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HSA Contributions for Adult Children on Parents’ Health Coverage

October 30, 2023

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Adult children who are covered under their parents’ high deductible health plans (HDHPs) may be eligible to establish their own health savings accounts (HSAs) and make tax-favored contributions. Although a special rule requires spouses covered by family HDHP coverage to divide the HSA contribution between themselves, this rule does not apply to adult children.

If they are HSA-eligible, adult children can contribute up to $7,750 to their HSAs for 2023 ($8,300 for 2024). Also, contributions to an adult child’s HSA can be made by the child or any other person on his or her behalf, including a parent or other family member.

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