How do the “catch-up” contributions for participants age 55 or older work?
If you are or will be 55 or older, you can make additional catch-up contributions to an HSA during the calendar year. This is true regardless of when your 55th birthday falls during the year. The maximum annual “catch-up” amount changes each year. To find out the “catch-up” amount, please refer to the IRS website, IRS.gov, or call HNE Member Services at 1-800-842-4464.
