Will the total annual amount an employee elects to contribute to the HSA be made available on January 1 just like the employer’s HSA dollars or the health FSA dollars?
Only the actual amount that has been deposited into the HSA is available for reimbursements. Lubrizol will contribute the total annual employer amount on January 2. Your contribution, if made through payroll deductions, is prorated over the course of the year. If you make the full employee contribution on your own to the HSA, it will be available as soon as the contribution is credited to your account.
Related Questions
- I am enrolling in an HSA (Health Savings Account). Do I enter the employee contribution amount or the employee AND the employer contribution amount in the Annual Pledge field?
- I am enrolling in a HSA (Health Savings Account). Do I enter the employee contribution amount or the employee AND the employer contribution amount in the Annual Pledge field?
- Will the total annual amount an employee elects to contribute to the HSA be made available on January 1 just like the employer’s HSA dollars or the health FSA dollars?
