The HSA catch-up contribution limit is not reduced for the year in which the individual reaches age 55 if he or she reaches age 55 after Jan. 1. For example, an individual who is HSA-eligible for all of 2015 and who turns age 55 on Dec. 1, 2015, may make a full $1,000 catch-up contribution for 2015.
Declassification may also occur automatically by (1) occurrence of the date or event specified by the original classification authority, or (2) expiration of the maximum time frame for duration of classification established under E.O. 13526, usually 25 years from origination (see 5 FAM 485, below).
Retroactive date in a professional indemnity policy. Before you start or change a professional indemnity policy check the retroactive (the date after which acts, errors or omissions of the Insured are covered). set policy inception date will suit new businesses, where professionals replacing a policy will require an unlimited retroactive policy to cover there previous activities.