Eligibility

Who is eligible for a federally tax-deferred HSA?

To be an eligible individual and qualify for an HSA, you must meet the following requirements:

  • You have a High Deductible Health Plan (HDHP) on the first day of the month (see deductible ranges below).
  • You have no other health coverage except what is permitted. See the “Other Health Coverage” section in IRS Publication 969.
  • You are not enrolled in Medicare.
  • You cannot be claimed as a dependent on someone else’s tax return.

 

High Deductible Health Plan Limits For 2016
Minimum Annual Deductible
Out-of-Pocket Maximum
Individual Coverage
$1,300
$6,550
Family Coverage
$2,600
$13,100

Note: Preventive care services are not subject to the deductible. In addition, coverage for accidents, disability, dental care, vision care, and long-term care is not subject to the deductible.