Assuming you signed-up for a non-HDHP with your new employer, your contributions will be limited based on a formula. Essentially you can only contribute a pro-rated amount of the annual maximum limit. You will take the annual maximum contribution amount and divide it by 12. Then multiply that amount by the number of months you maintained HDHP coverage. That will be what you are allowed to contribute. The same formula works for any catch-up contributions (catch-up contribution amount divided by 12, multiplied by # of months of HDHP coverage).
Articles in this section
- What is an HSA?
- How Does an HSA Work?
- What are the benefits of an HSA?
- What are the requirements of an HSA? Am I eligible?
- What designates a qualifying High Deductible Health Plan?
- Do I have to get an HSA if I am on a High Deductible Health Plan?
- How does money get into my HSA account?
- How can I get an HSA?
- If I have a family, can I still have an HSA?
- Can I have a joint-HSA with my spouse?