I am currently covered by COBRA from my prior employer. In 2017 I was on a self+children plan for Jan, Feb, and March. Starting April 1st my children were removed from my plan and I am on self plan right now.
At my current employer I can enroll into health coverage effective June 1st.
Since COBRA allows for 30 days to have monthly premium paid, I am not gong to pay for my May coverage unless something happens that would require medical attention. Since I will be enrolling into my work health plan starting in June, I think I could save May premiums and have 1 months gap in health coverage. I plan to enroll into HSA plan at work.
So for HSA, I think I can contribute a total of $3954 for 2017.
- 3 months of family coverage ($6,750/yr for 3 months is $1,688)
- 8 months of single coverage ($3,400/yr for 9 months is $2,267)
for a total of 11 month coverage.
Is this correct?