Benefit Connections    FAQ
If I open my HSA on June 1, what is my permitted contribution amount for that year?

Maximum annual HSA contributions can be made anytime during the year, regardless of when, during that year, the HSA was opened. For example, if an individual opens an HSA on June 1, the full contribution of $4,150 can be made for that year, and then another full contribution can be made after January 1 of the following year. Penalties may apply if SDHP coverage does not continue for 12 months. Tax-deductible limits and SDHP qualifying deductibles are indexed for inflation on an annual basis. Visit www.treas.gov and click on "Health Savings Accounts" for updates.