Additional HSA contribution outside of employer plan?
Suppose taxpayer has an employer health plan (HSA qualified HDHP) which makes an employer contribution of some fixed amount (e.g. $2,000/year) towards an HSA.
Can taxpayer, acting independently of the employer and employer’s HSA custodian, go to an independent HSA custodian and make a “top off contribution” ($4,450 in this example) to take full advantage of the available deductions?
Thanks
Permalink Submitted by Alan - IRA critic on Mon, 2013-10-14 18:49
Yes. You can deduct your contribution, but not the contribution made by the employer.