If you enroll in the UC Health Savings Plan (HSP) with an effective date of February 1 through December 1, UC's contribution to the Health Savings Account (HSA) is prorated based on the month your enrollment begins. UC Health Savings Plan members with an effective date from Dec. 2-31 will not receive a UC contribution for that time period; HSA eligibility will begin on January 1 of the following year.
Please see below to learn more about your contributions to the HSA if you enroll in HSP after the beginning of the year.
UC’s contribution is determined on the first month your HSP coverage is effective and will not change during the year. Coverage level as of January 1 determines UC’s contribution for the year.
HSP Coverage Effective Date |
HSA Contribution Self Coverage |
HSA Contribution Family Coverage |
---|---|---|
January | $500 | $1,000 |
February | $458 | $917 |
March | $417 | $833 |
April | $375 | $750 |
May | $333 | $667 |
June | $292 | $583 |
July | $250 | $500 |
August | $208 | $417 |
September | $167 | $333 |
October | $125* | $250* |
November | $83* | $167* |
December 1 | $42* | $83* |
*UC and employee HSA contributions made through the UC payroll system are attributed to the year in which they are actually made and are subject to the current year's payroll deadlines. Therefore, a new UC Health Savings Plan member whose coverage is effective in October, November or December may or may not receive the UC contribution for the current year, depending on when the enrollment is completed and processed.
To receive the UC contribution or make contributions via payroll deductions during the last quarter of the calendar year, your UC Health Savings Plan enrollment generally should be processed by the earlier of:
- The end of your Period of Initial Eligibility or
- The payroll deadline for your last paycheck of the current year
Contact the UCPath Center about your payroll deadline by Submitting An Inquiry:
- Log in to UCPath online.
- From the home page, select Ask UCPath Center.
- On the menu bar, select My Inquiries or Submit an Inquiry.
You may also make contributions to your HSA by working directly with HealthEquity. Contributions for the current plan year may be made until your tax-filing deadline, usually April 15 of the following year.
Remember: It is your sole responsibility to ensure your HSA complies with the IRS regulations.
Your contributions to the HSA
The IRS sets a maximum limit for HSA contributions by individuals each year. In general, you must be considered "HSA-eligible" to make contributions to your HSA. Unless you enroll on December 1 and use the IRS last-month rule, you will have to prorate your contributions if you become HSA-eligible after January 1.