![]() *Individual accountholders age 55 and older can make an additional $1,000 catch-up contribution. Please contact your tax professional with any tax-related questions. Note: HSA Bank does not provide legal or tax advice. This is covered under the ‘Full contribution’ rule, and can also be applied to catch-up contributions. If you begin the year with single coverage and switch to family coverage by December 1st of that year, you are eligible to contribute the maximum family amount for that year provided you maintain HSA-compatible coverage until December 31st of the following year. If you begin the year with family coverage and switch to single coverage in July of that year (for example), you are eligible to contribute half of the family coverage maximum and half of the individual coverage contribution maximum. This rule can also be applied to catch-up contributions. "Full contribution" or "last month" rule - If your HSA-compatible coverage begins between January 1 and December 1, you can contribute the maximum amount for that year provided you maintain HSA- compatible coverage until December 31st of the following year 1. ![]() *Title 38 of the United States Code, Section 101(17) defines "non-service-connected" as, with respect to disability, that such disability was not incurred or aggravated in line of duty in the active military, naval, or air service. Alternative plan designs, such as a limited-purpose FSA or HRA, might be permitted. You are not covered by a general purpose health care flexible spending account (FSA) or health reimbursement account (HRA). You cannot be claimed as a dependent on another person's tax return. You cannot have received medical benefits from Veterans Administration (VA) for any non-service-connected disabilities at any time during the previous three months.* You do not receive health benefits under TRICARE. You are not covered by any other non-HDHP health plan, such as a spouse's plan, that provides any benefits covered by your HDHP plan. To be an eligible individual and qualify for an HSA, you must also meet the following requirements. The main requirement for opening an HSA is having a high-deductible health plan that meets IRS guidelines for the annual deductible and out-of-pocket maximum.
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