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Will the state provide additional prorated HSA employer contributions for midyear qualifying life events resulting in individual employee coverage changing to family coverage?
Yes. The additional state contribution will equal the difference between the individual and family contributions, divided by 26 pay periods, multiplied by the number of pay dates between the effective date of the State HDHP coverage change and the end of that year. For example, if 11 pay dates remain in the year, the calculation would be: ($1,500 - $750) / 26 * 11 = $317.31.