A doctor smiling at a baby in its mother’s lap

Health Savings Accounts

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:
      2019 2020
      Individual coverage $1,350 $1,400
      Family coverage $2,700 $2,800
    • The maximum out-of-pocket expenses are capped for individual coverage and for family coverage. The maximum out of pocket limits are:
      2019 2020
      Individual coverage $6,750 $6,900
      Family coverage $13,500 $13,800
  • 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