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08-02-2017 03:20 PM
I changed jobs this year and my previous employer offered a FSA and my new employer offers a HDCP with a HSA.
I contributed to my previous employers (medical) FSA. Those benefits (and FSA funds) expired on 7/31 this year.
Am I eligible to contribute to the HSA my new employer offers since the enrollment dates will not overlap, or do I have to wait until the enrollment for the next plan year (both plan years match the calendar year) to setup and contribute to the HSA?
Thanks in advance!
08-02-2017 05:16 PM
Welcome to the H&R Block community.
Yes, you are eligible to contribute to the HSA for the months that you had the HSA and a high deductible health plan but did not have other types of coverage. Since the HSA will be the only plan you'll be enrolled in once you start it I don't see any issue there. In fact, under the last month rule, if you are eligible to contribute to an HSA for December (as of December 1st, 2017) then you are automatically eligible for the entire year provided that you remain eligible to contribute to an HSA for the entire following year (ending on December 31st, 2018).
If you have any other questions I'll be glad to help.
Senior Tax Advisor (Tampa, FL)