Solved: I had a full HRA last year, but my work just changed to an HSA, can I deposit money for last year in my new HSA?
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spatical
New Member

I had a full HRA last year, but my work just changed to an HSA, can I deposit money for last year in my new HSA?

For all of 2017 my company provided a full HRA and an eligible high deductible insurance plan.  HRAs are only funded my the company and unused funds are lost at the end of the year.   Because it was a full HRA I was not eligible to also have an HSA.   Starting Feb 2018 my company switched to a regular HSA and closed our HRAs.  Now that I have an HSA can I deposit money for 2017 even though I wasn’t eligible for an HSA while I had the HRA?  


I know I’d have to deposit before April 15, and funds could only be used for medicinal expenses after Feb 2018. 

1 Best answer

Accepted Solutions
BMcCalpin
Level 13

I had a full HRA last year, but my work just changed to an HSA, can I deposit money for last year in my new HSA?

No. While you were under the HRA, you were not eligible to contribute to the HSA, even retroactively.

In order to qualify to contribute to an HSA for 2017, you have to (1) have HDHP insurance coverage in 2017, and (2) not have any disqualifying coverage in 2017.

The HRA disqualified you in 2017, so there is no retroactive HSA contribution possible.

View solution in original post

1 Reply
BMcCalpin
Level 13

I had a full HRA last year, but my work just changed to an HSA, can I deposit money for last year in my new HSA?

No. While you were under the HRA, you were not eligible to contribute to the HSA, even retroactively.

In order to qualify to contribute to an HSA for 2017, you have to (1) have HDHP insurance coverage in 2017, and (2) not have any disqualifying coverage in 2017.

The HRA disqualified you in 2017, so there is no retroactive HSA contribution possible.

View solution in original post

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