To qualify and be eligible to make contributions into an HSA, you must meet all of the following conditions:
- You must be covered by a qualified high-deductible health plan. Ask your employer for details on coverage under your company’s high-deductible health plan.
- You cannot be enrolled in another type of pre-tax healthcare benefit account, such as a Healthcare Flexible Spending Account (FSA) or a Health Reimbursement Arrangement (HRA). This includes being enrolled in your spouse’s Healthcare FSA or HRA. You can, however, be enrolled in an HSA-Compatible FSA, which becomes a regular Healthcare FSA once you meet your deductible.
- You cannot be claimed as a dependent on another person’s tax return.
- You are not entitled to benefits under Medicare.
Find out if you qualify for an HSA. Take this short quiz