Health Savings Accounts

A triple tax-free way to save for your current and future
health care costs.

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:
      2018 2019
      Individual coverage $1,350 $1,350
      Family coverage $2,700 $2,700
    • 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 $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