HSA eligibility
To be eligible to open and contribute to an HSA you must meet all of the following criteria, as defined by the IRS:
- You are covered by a qualified High Deductible Health Plan (HDHP)
- The minimum required deductibles for a HDHP cannot be less than:
- The maximum out-of-pocket expenses are capped for individual coverage and for family coverage. The maximum out of pocket limits are:
2018 2019 Individual coverage $1,350 $1,350 Family coverage $2,700 $2,700 2018 2019 Individual coverage $6,650 $6,750 Family coverage $13,300 $13,500 - You are not covered by another non-qualified health care plan, such as a health plan sponsored by your spouse's employer, Medicare or TriCare
- Flexible Spending Account (FSA) participation is restricted to dental, vision or post-deductible medical expenses
- You cannot be claimed as a dependent on another individual's tax return