HSA contribution

[dooger]

I just started contributing to an HSA account through my company in 2015. When I look at the account web page it indicates that I can contribute $3,300 for 2014 before April 15. Is this OK considering I did not have a high deductible health insurance plan in 2014?

[Allen]

I believe no you cannot.  You can only do it for the year(s) you are covered with the high deductible plan.

If you switched to a non-high deductible plan next year, you'd have until April 2016 to finish maxing out 2015.

[charis]

You cannot contribute for 2014 unless you had the HSA as of December 1st of 2014.

[Debtless in Texas]

Nope. No HDHP, no HSA contributions. You can still use any you had previously put in for medical expenses, but you cant contribute.

[charis]

You can't have an HSA without a HDHP, so if the OP has an HSA now, she obviously has an HDHP and therefore can contribute.

[Numbers Man]

IRS Publication 969 speaks to any HSA questions. You can contribute for 2014 (April 15, 2015 contribution deadline) if you had an HSA SET UP by December 1, 2014.

Publication 969:
Last-month rule.   Under the last-month rule, if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers), you are considered an eligible individual for the entire year. You are treated as having the same HDHP coverage for the entire year as you had on the first day of the last month.

Testing period.   If contributions were made to your HSA based on you being an eligible individual for the entire year under the last-month rule, you must remain an eligible individual during the testing period. For the last-month rule, the testing period begins with the last month of your tax year and ends on the last day of the 12th month following that month. For example, December 1, 2013, through December 31, 2014.