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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Gagnante on November 18, 2016, 08:02:10 PM

Title: HSA Contribution Timing
Post by: Gagnante on November 18, 2016, 08:02:10 PM

Long story short, we currently have an HSA qualified health insurance plan, but will be losing it at the end of the year, and no HSA qualified plans are available to us for 2017.  We still have $3,750 of our 2016 contribution limit to put in. My question is, since our coverage ends 12/31/16, do we still have until April 17, 2017 to maximize our contribution, or does it all have to be done before our participation in an HSA qualified insurance plan ends?

Title: Re: HSA Contribution Timing
Post by: terran on November 19, 2016, 07:48:37 PM

According to point 6 of https://www.hsaresources.com/pdf/Lost_HSA_Eligibility.pdf it sounds like you can contribute up to the 2016 tax filing deadline. A few other good tips there too.

Title: Re: HSA Contribution Timing
Post by: Gagnante on November 21, 2016, 04:23:56 PM

That is a great resource, thank you so much!