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To be eligible for an HSA, you must be covered by an HDHP. Generally, an HDHP is a health plan with:
- A deductible of at least $1,100 for single coverage
- A deductible of at least $2,200 for family coverage
- A maximum annual out-of-pocket expense limit for allowing costs, not exceeding $5,600 for single coverage
- A maximum annual out-of-pocket expense limit for allowing costs, not exceeding $11,200 for family coverage
Additionally, you must meet the following criteria:
- You must not be covered by any other health plan other than another HDHP (with limited exceptions)
- You must not be eligible to be claimed as a dependent on another person's tax return
- You are not enrolled in Medicare
Eligibility for a Health Savings Account is determined by Federal law. It is your responsibility to ensure you are eligible for an HSA. Please complete the worksheet below to determine if you are eligible.
We're sorry, you do not meet the criteria to be eligible for a Health Savings Account. If you have questions, please consult your insurance provider or tax advisor.
Based on the information you provided, you are eligible for a Health Savings Account. You may apply for a Health Savings Account by completing our
online application.
Depending on the type of other health coverage referenced in questions 5 and 6, you may or may not be eligible for an HSA. Please consult your tax advisor.
Depending on the type of FSA referenced in question 6, you may or may not be eligible for an HSA. Please consult your tax advisor.
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