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Common use of Maximum Contribution Clause in Contracts

Maximum Contribution. Except as provided in paragraph d. below, the total amount that may be contributed to your HSA for any taxable year is the sum of the limits determined separately for each month. The determination for each month is based on whether, as of the first (1st) day of such month, you are eligible to contribute and whether you have individual or family coverage under a HDHP. The maximum monthly contribution is adjusted each year for cost-of-living increases. For calendar year 2015, the maximum monthly contribution with self-only coverage under an HDHP is one- twelfth (1/12th) of $3,350. This amount remains unchanged at $3,350 in 2016. For calendar year 2015, the maximum monthly contribution with family coverage under an HDHP is one-twelfth (1/12th) of $6, 650. This amount increases to $6, 750 in 2016. In addition, if you have attained age fifty-five (55) before the close of the taxable year, and are not enrolled in Medicare, the contribution limit is increased on a monthly basis by an additional amount not to exceed $1,000. The annual limit is decreased by aggregate contributions to another HSA or to an Xxxxxx MSA.

Appears in 2 contracts

Samples: Custodial Agreement and Disclosure Statement, Custodial Agreement and Disclosure Statement

Maximum Contribution. Except as provided in paragraph d. below, the total amount that may be contributed to your HSA for any taxable year is the sum of the limits determined separately for each month. The determination for each month is based on whether, as of the first (1st) day of such month, you are eligible to contribute and whether you have individual or family coverage under a HDHP. The maximum monthly contribution is adjusted each year for cost-of-living increases. For calendar year 20152013, the maximum monthly contribution with self-only coverage under an HDHP is one- one-twelfth (1/12th) of $3,3503,250. This amount remains unchanged at increases to $3,350 3,300 in 20162014. For calendar year 20152013, the maximum monthly contribution with family coverage under an HDHP is one-twelfth (1/12th) of $6, 650. This 6,450.This amount increases to $6, 750 6,550 in 20162014. In addition, if you have attained age fifty-five (55) before the close of the taxable year, and are not enrolled in Medicare, the contribution limit is increased on a monthly basis by an additional amount not to exceed $1,000. The annual limit is decreased by aggregate contributions to another HSA or to an Xxxxxx MSA.

Appears in 1 contract

Samples: Custodial Agreement

Maximum Contribution. Except as provided in paragraph d. below, the total amount that may be contributed to your HSA for any taxable year is the sum of the limits determined separately for each month. The determination for each month is based on whether, as of the first (1st) day of such month, you are eligible to contribute and whether you have individual or family coverage under a HDHP. The maximum monthly contribution is adjusted each year for cost-of-living increases. For calendar year 20152012, the maximum monthly contribution with self-only coverage under an HDHP is one- one-twelfth (1/12th) of $3,3503,100. This amount remains unchanged at increases to $3,350 3,250 in 20162013. For calendar year 20152012, the maximum monthly contribution with family coverage under an HDHP is one-twelfth (1/12th) of $6, 6506,250. This amount increases to $6, 750 6,450 in 20162013. In addition, if you have attained age fifty-five (55) before the close of the taxable year, and are not enrolled in Medicare, the contribution limit is increased on a monthly basis by an additional amount not to exceed $1,0001,000 for 2012 and thereafter. The annual limit is decreased by aggregate contributions to another HSA or to an Xxxxxx MSA.

Appears in 1 contract

Samples: Custodial Agreement

Maximum Contribution. Except as provided in paragraph d. below, the total amount that may be contributed to your HSA for any taxable year is the sum of the limits determined separately for each month. The determination for each month is based on whether, as of the first (1st) day of such month, you are eligible to contribute and whether you have individual or family coverage under a HDHP. The maximum monthly contribution is adjusted each year for cost-of-living increases. For calendar year 20152009, the maximum monthly contribution with self-only coverage under an HDHP is one- one-twelfth (1/12th) of $3,3503,000. This amount remains unchanged at increases to $3,350 3,050 in 20162010. For calendar year 20152009, the maximum monthly contribution with family coverage under an HDHP is one-twelfth (1/12th) of $6, 6505,950. This amount increases to $6, 750 6,150 in 20162010. In addition, if you have attained age fifty-five (55) before the close of the taxable year, and are not enrolled in Medicare, the contribution limit is increased on a monthly basis by an additional amount not to exceed $1,0001,000 for 2009 and thereafter. The annual limit is decreased by aggregate contributions to another HSA or to an Xxxxxx MSA.

Appears in 1 contract

Samples: Custodial Agreement

Maximum Contribution. Except as provided in paragraph d. below, the total amount that may be contributed to your HSA for any taxable year is the sum of the limits determined separately for each month. The determination for each month is based on whether, as of the first (1st) day of such month, you are eligible to contribute and whether you have individual or family coverage under a HDHP. The maximum monthly contribution is adjusted each year for cost-of-living increases. For calendar year 2015, the maximum monthly contribution with self-only coverage under an HDHP is one- twelfth (1/12th) of $3,350. This amount remains unchanged at $3,350 in 2016. For calendar year 2015, the maximum monthly contribution with family coverage under an HDHP is one-twelfth (1/12th) of $6, 650. This amount increases to $6, 750 6,750 in 2016. In addition, if you have attained age fifty-five (55) before the close of the taxable year, and are not enrolled in Medicare, the contribution limit is increased on a monthly basis by an additional amount not to exceed $1,000. The annual limit is decreased by aggregate contributions to another HSA or to an Xxxxxx MSA.

Appears in 1 contract

Samples: Custodial Agreement

Maximum Contribution. Except as provided in paragraph d. below, the total amount that may be contributed to your HSA for any taxable year is the sum of the limits determined separately for each month. The determination for each month is based on whether, as of the first (1st) day of such month, you are eligible to contribute and whether you have individual or family coverage under a HDHP. The maximum monthly contribution is adjusted each year for cost-of-living increases. For calendar year 20152013, the maximum monthly contribution with self-only coverage under an HDHP is one- twelfth (1/12th) of $3,3503,250. This amount remains unchanged at increases to $3,350 3,300 in 20162014. For calendar year 20152013, the maximum monthly contribution with family coverage under an HDHP is one-twelfth (1/12th) of $6, 6506,450. This amount increases to $6, 750 6,550 in 20162014. In addition, if you have attained age fifty-five (55) before the close of the taxable year, and are not enrolled in Medicare, the contribution limit is increased on a monthly basis by an additional amount not to exceed $1,000. The annual limit is decreased by aggregate contributions to another HSA or to an Xxxxxx MSA.

Appears in 1 contract

Samples: Custodial Agreement