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Is the maximum contribution level adjusted if I move from family to single coverage, or vice versa?

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Is the maximum contribution level adjusted if I move from family to single coverage, or vice versa?
Yes. You may contribute more if you move from single to family coverage. You can make a prorated contribution based on when coverage was in force or you can make the entire annual maximum contribution as long as the coverage is maintained through December of the following year. You may have to decrease contributions if you move from family to single coverage (the decrease will apply to any month in which single coverage was in force for a portion of the month). You can change your contribution election at any point, however you must ensure contributions do not exceed allowable amounts. See the Life Changes section for examples of prorated maximum contribution amounts.

If you experience a health insurance plan change--for example, changing from single to family coverage--make sure you update your health plan information in your profile on [www.hellofurther.com or partner SSO link]. This allows us to properly alert you when you're nearing your maximum contribution level.