No, in this case you get special rules. The IRS allows you to contribute all the way up to the 2022 annual maximum limit of $3,650 (HSA holders age 55 and older may make additional annual “catch up” contributions of $1,000). However, you have to keep your high deductible health plan (HDHP) coverage for a full 12 months of the year following.
Articles in this section
- Can I fund my HSA account at the family level if I have single coverage?
- Can I Contribute the maximum HSA contribution if I enroll in an HSA plan mid-year?
- Can I spend HSA dollars on my adult child on my plan?
- Can I Contribute to an HSA and FSA In The Same Year?
- 2022 HSA Contribution Limits
- If I am turning 65 this year, can I still make an HSA contribution.
- Do My HSA Contributions Provide Any Tax Benefits?
- My qualified HDHP coverage was effective January 1st, but I didn't establish my HSA until June. Can I still make my maximum annual contribution, or is my contribution reduced by the number of months I didn't have an HSA?
- With a Flexible Savings Account, I Can Access 100% of my Annual Contribution on Day 1. Is That the Same as an HSA?
- Do I Lose Any Unused HSA Funds at the End of the Year?