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).
The final regulations count âdaysâ as all calendar days beginning on the eligibility date, including weekends and holidays. Buck comment. The 90-day waiting period limitation starts the clock at the date the individual is eligible for coverage and runs for 90 consecutive days from that date. Therefore, coverage that begins on the first day of the next calendar month following 90 days from eligibility may not comply with the 90-day limit. For example, if the 90th day after an individual becomes eligible occurs on March 15, an April 1 coverage start date would violate the 90-day limit.