Can I Make a Contribution to My HSA for 2018 if I Have a New Job?

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Contributing after starting a new job

If you have recently started a new job and are looking to make a contribution to your Health Savings Account (HSA) for the year 2018, the good news is that you can still do so! Making contributions to your HSA even with a new job is possible, as long as you meet the eligibility criteria set by the IRS.

Here's what you need to know about making HSA contributions after starting a new job:

• When you switch jobs, your eligibility to contribute to an HSA for the year remains the same, as long as you were covered by an HSA-qualified High Deductible Health Plan (HDHP) for the months you want to contribute.
• You can contribute to your HSA even if you change jobs mid-year, as long as you were enrolled in an HSA-eligible HDHP during that period.
• For the year 2018, the contribution deadline is typically the tax filing deadline, which is usually April 15 of the following year.
• You can make HSA contributions through your new employer, or you can make contributions on your own if you are eligible to do so.

2018 limits and tracking contributions

It's essential to keep track of your HSA contributions and ensure that you do not exceed the annual contribution limits set by the IRS. For 2018, the contribution limits are $3,450 for individuals and $6,900 for families.

If you recently started a new job and are still eager to contribute to your Health Savings Account (HSA) for 2018, the fantastic news is that you absolutely can! Your eligibility to make contributions to your HSA remains intact, provided you were enrolled in an HSA-qualified High Deductible Health Plan (HDHP) during the months relevant to your contributions.