What are my catch-up contribution limits if my high deductible health plan is established mid-year?
If you did not have HDHP coverage the full year, you must pro-rate your catch-up contribution for the number of full months you were enrolled in a qualified HDHP. However, if you have HDHP coverage on December 1, you are treated as an eligible individual for the entire year and are entitled to the full catch-up contribution as long as you continue to have HDHP coverage for the entire next thirteen months. If you had HDHP coverage for the full year (or are deemed to have had HDHP coverage for the full year), you can make the full catch-up contribution regardless of when your 55th birthday falls during the year.
Related Questions
- If both spouses have a qualified high deductible health plan with family coverage, how is the contribution computed?
- What are my "catch-up" contribution limits if my high deductible health plan is established mid-year?
- What are my catch-up contribution limits if my high deductible health plan is established mid-year?
