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sat000
New Member

I have a new employer and plan to utilize COBRA for the next 15 months due to the costs. Can I still contribute to my HSA during this time or should I max b4 I leave?

 
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TaxGuyBill
Level 9

I have a new employer and plan to utilize COBRA for the next 15 months due to the costs. Can I still contribute to my HSA during this time or should I max b4 I leave?

Assuming the COBRA insurance qualifies to contribute to an HSA, you can contribute to an HSA for 2018 anytime before April 15th, 2019.

However, if the HSA is held by your employer, they could have restrictions, and you would need to ask your employer about that.

Otherwise, you could open a HSA at many other financial institutions, and contribute to that account.

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TaxGuyBill
Level 9

I have a new employer and plan to utilize COBRA for the next 15 months due to the costs. Can I still contribute to my HSA during this time or should I max b4 I leave?

Assuming the COBRA insurance qualifies to contribute to an HSA, you can contribute to an HSA for 2018 anytime before April 15th, 2019.

However, if the HSA is held by your employer, they could have restrictions, and you would need to ask your employer about that.

Otherwise, you could open a HSA at many other financial institutions, and contribute to that account.

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