r/HealthInsurance • u/Hot_Coast_159 • 12h ago

Employer/COBRA Insurance HSA Eligibility Question

Hi all, I’m trying to confirm HSA eligibility for 2025. I’ll be starting a new HDHP plan through my employer with an effective date in September. My parents’ insurance currently covers me.
If I set my parent coverage termination date to September 1, would I still be considered to have “other coverage” on that day and therefore not be eligible to contribute to my HSA for September? Or does it need to terminate August 31 for me to be eligible starting September 1?
Thanks for any clarification!

1 Upvotes

100% Upvoted

3 comments sorted by

•

u/AutoModerator 12h ago

Thank you for your submission, /u/Hot_Coast_159. Please read the following carefully to avoid post removal:

  • If there is a medical emergency, please call 911 or go to your nearest hospital.

  • Questions about what plan to choose? Please read through this post to understand your choices.

  • If you haven't provided this information already, please edit your post to include your age, state, and estimated gross (pre-tax) income to help the community better serve you.

  • If you have an EOB (explanation of benefits) available from your insurance website, have it handy as many answers can depend on what your insurance EOB states.

  • Some common questions and answers can be found here.

  • Reminder that solicitation/spamming is grounds for a permanent ban. Please report solicitation to the Mod team and let us know if you receive solicitation via PM.

  • Be kind to one another!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

3

u/BaltimoreBee Moderator 11h ago

It needs to terminate Aug 31st or you’ll have dual coverage on 9/1 and not be eligible to contribute for that day.

2

u/LizzieMac123 Moderator 9h ago

Theres also a "last months" rule for HSAs whereas even if you were only eligible for an HSA for a few months, if you participate in the last month of the year and will keep your HSA eligibility for the rest of the next year, you can conteibute the annual max this year.

https://www.goodrx.com/insurance/fsa-hsa/hsa-last-month-rule