The HSA contribution rules are generally straightforward. However, the rules can become complicated in years when there will be a change to healthcare coverage. Perhaps you are moving from individual to family coverage, or leaving your health plan, or are starting Medicare. In these instances, it is important to revisit the rules and apply them to your unique situation.
This flowchart addresses some of the most common issues that arise while 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 and Last-Month Rules
- HSA and Medicare coordination
