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change in coverage and HSA


Guest Dolores
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Guest Dolores

Individual covered under HDHP changes from family coverage to individual coverage halfway through 2007. I assume the contribution limit is calculated on monthly basis based on what coverage he has in place as of the first day of each month. Correct?

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Guest HR Analyst

You are correct in calaculating the limit by determining the coverage level status on the first day of each month for the calander year. As an example, let say the associate was enrolled in single voerage for three months and family for the remaining nine. Based on this, the annual limit would be (3/12)(2850) + (9/12)(5650) = 4,950

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