Tag: HSA Contributions

Question: If an employee joins a company midyear, would an employer still be required to contribute the maximum to that employee’s HSA account or can the employer prorate the contribution? Answer: The amount that an employer contributes into each employee’s health savings account (HSA) is at the employer’s discretion, up to the allowable limits for 2015 based…

Question:  If an employee turns 65 this month and enrolls in Medicare Part A, can they still receive/contribute funds into an HSA until the end of the year? Or, must they enroll in a different plan now? Answer: If an employee is enrolled in Medicare, then beginning with the first month the employee is enrolled…