@jackkgan wrote:
Thank you very much Champ! My employer has contributed $650 so far and their maximum contribution to HSA is $750 for the year.
This is a slightly different issue, don't get confused.
Your contribution limit is $4150, or $3112, or $3458, depending on when your HDHP coverage started. That's combined, voluntary salary reductions and employer contributions (free money from the employer). Technically under the tax code, all contributions are "employer" contributions, because the employee makes a voluntary agreement to reduce their salary, and the employer contributes an equal amount to the HSA.
The employer $3450 limit may very well have been calculated based on their free money contribution and not on your personal limit. If your voluntary salary reduction adds up to $3400, then your total contributions for the year are $4150. That's fine if you use the last month rule. But if you think you might not use the last month rule, then you might need to either reduce your contributions or remove the excess contributions before the April 15, 2025 deadline. (And as mentioned, adding a spouse or dependent and changing to family coverage will increase your limit.) I would still leave things as they are, and not make any changes, until you get to the end of the year and see what 2025 looks like.
