HSA contribution rules seem pretty straightforward at first. However, the rules become complicated in years when there will be a change to coverage. Perhaps a client is moving from individual to family coverage, or they are leaving their health plan, or they are starting Medicare. It’s at those times that the HSA contribution rules can become confusing.
To help make the conversation easier, we have created the “Can I Make A Deductible Contribution To My HSA?” flowchart. It addresses some of the most common issues that arise for a client trying to contribute to an HSA. This flowchart considers:
- The minimum deductible requirements for HDHP
- The maximum out-of-pocket expense for HDHP
- Contribution amounts
- Impact if HDHP coverage starts or changes this year
- Full Contribution Rule
- HSA and Medicare coordination
- Situations allowing for a pro-rata contribution
CLICK THE FLOWCHART BELOW TO DOWNLOAD YOUR COPY:
Please let us know if you have any questions about your eligibility or retirement income planning. We are here to help!
This information is intended for educational purposes, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products, or services.
