IRS
What you need to know
Can I put more money into my HSA as a one-time contribution?
Opening an HSA mid-year
New account holders who join an HDHP and open an HSA mid-year have two choices:
- Contribute a prorated amount for the actual number of months they are eligible during the year
OR
- Take advantage of the IRS full-contribution rule to contribute the entire yearly maximum for their age and coverage level
Coaches' Takeaway
It depends. There are a few options that are determined by when you have enrolled and your eligibility. In most cases, you can contribute up to the annual maximum.
Tools & Resources
CDHPCoach’s Storage Facility, where the Coach has organized and compiled a vast amount of tools and resources for you to access.
Library
Housed here are key components and information within the book, Bend the Healthcare Trend which was the impetus behind the CDHPCoach.
IRS
What you need to know