Testing Period
The Testing Period states that if you use the Last Month Rule, you must remain an eligible individual (covered by HDHP) for the next 12 months. If you fail to remain an eligible individual (if you change insurance plans to non HSA-qualified plan, lose coverage or receive disqualifying coverage) during that time, any “excess” contributions you made as a result of using the Last Month Rule will be taxed and penalized.
Invest in your HSA with UMB HSA Saver
Now you can invest your HSA savings in UMB HSA Saver and take advantage of our easy-to-use investing platform.
