You may notice a $0.01 contribution from Lively in your HSA. This “starter penny” ensures that your account is officially established as soon as it becomes active. Establishing an HSA is an important step that allows you to reimburse yourself for eligible expenses incurred after your account is opened, even if no other funds have been deposited yet.
Because state definitions of an “established” HSA vary, this small contribution eliminates potential confusion and ensures your account meets federal requirements from day one, helping you maximize your HSA benefits without delay.
If you made a contribution at the time of signup and reached the annual IRS limit, your total contribution amount will appear $0.01 lower. This adjustment prevents you from exceeding the maximum annual contribution limit. You can read more about this topic here.
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