I was reading your response to a similar situation I have but have a specific follow-up question.
I turned 65 on 11/9/22, applied for Medicare in August 2022 and received an application approval letter from Medicare indicating my Hospital & Medical coverage begins 11/1/2022. I also confirmed with Medicare that my effective date is 11/1/2022 and was not back-dated 6-mos. Similar to the other questioner, the Medicare representative told me though to be safe, do not contribute to you HSA within 6 most. of your Medicare effective/enrollment date.
FYI - I had an Aetna HDHP that was effective until 10/31/2022.
I made a final, one-time contribution to my HSA account on 10/28/2022 in an amount that brought my 2022 total HSA Contribution to $3,875 ($4,650 / 12 x 10 = $3,875; 10/12ths pro-rated amount of my maximum allowable single annual contribution).
Your response to the previous similar question: "It doesn’t matter when during the calendar year 2022 you actually make the contribution. It’s the dollar amount that counts, not the exact date of the contribution, as long as the contribution occurs during the 2022 tax year."
Since I had an Aetna HDHP that was effective until 10/31/2022, and my effective Medicare coverage date began 11/1/22:
1. does that exempt me from any tax penalty for contributing to an HSA within 6 months of my Medicare effective date?
2. Am I correct that I can contribute a total pro-rated amount of $3,875 (as a single person) in 2022.
Please advise.
