If I enroll in the HDHP after January 1 but by December 1, can I still contribute the maximum annual HSA contribution for that year?
Yes, but you will be subject to a “testing period.” The testing period requires you to stay enrolled in the HDHP and remain HSA-eligible for the remainder of the plan year and through the end of the next plan year. The maximum contribution to the HSA will be the greater of (1) the annual limit for the type of HDHP coverage (single or family) you have on December 1, and (2) the monthly limits for each month you are HSA eligible. The maximum contribution to the HSA will be the greater of the annual limit for the type of HDHP coverage (crew member-only or family) you have on December 1 or the monthly limit for each month you are HSA-eligible.
Related Questions
- Can an individual who is not covered by a high-deductible health plan HDHP for the whole year contribute the maximum annual limit established by the IRS?
- Can an individual who is not covered by a high deductible health plan HDHP for the whole year contribute the maximum annual limit established by the IRS?
- How do the maximum annual HSA contribution limits apply to family HDHP coverage that may include an ineligible individual?
