thats great info thank you! i didnt know i could contribute without an employer's HSA plan, so wanted to fill up before opportunity passed. but if i can contribute on open market plan, i will plan to just keep making my monthly contributions througout all of 2024.Yes, but what if you get a new job and they don't offer a HDHP w/HSA? Is there a reason why you don't like the idea of just contributing to the HSA later on in the year when you're more certain that you'll have an HDHP for the whole year?I plan to, in lieu of speedy re-employment, seek a plan on open market that is HDHP. Would that allow me to contribute max for 2024?
Remember contributing through payroll only saves you FICA taxes vs contributing directly to the HSA. Assuming your job ends in May this may save you around $140 which may or may not be worth it to you. It also marginally lowers your SS contribution so even the $140 isn't "all savings".
Statistics: Posted by dunk1234 — Wed Mar 06, 2024 6:26 pm — Replies 18 — Views 1459
