Who is eligible for a Health Savings Account?
To be eligible for a Health Savings Account, an individual must be covered by a High Deductible Health Plan (HDHP), must not be covered by other health insurance (does not apply to specific injury insurance and accident, disability, dental care, vision care, long-term care), is not eligible for Medicare, and cant be claimed as a dependent on someone elses tax return.
To be eligible for a Health Savings Account, an individual must be covered by an HSA Qualified High Deductible Health Plan (HDHP), must not be covered by other health insurance (does not apply to specific injury insurance and accident, disability, dental care, vision care, long-term care), is not enrolled in Medicare, and can’t be claimed as a dependent on someone else’s tax return.
In addition to being covered by an HDHP (High Deductible Health Plan), an individual must not be covered by other health insurance (exceptions include specific injury insurance and accident, disability, dental, vision, and long-term care), may not be enrolled in Medicare, and can’t be claimed as a dependent on someone else’s tax return.
To be eligible for a Health Savings Account, an individual must be covered by a HSA-qualified High Deductible Health Plan (HDHP) and must not be covered by other health insurance that is not an HDHP. Certain types of insurance are not considered “health insurance” (see below) and will not jeopardize your eligibility for an HSA.
To be eligible for a Health Savings Account, an individual must be covered by a HSA-qualified High Deductible Health Plan (HDHP) and must not be covered by other health insurance that is not an HDHP. Certain types of insurance are not considered “health insurance” and will not jeopardize an individual’s eligibility for an HSA. In general, the term “eligible individual” means, with respect to any month, any individual if — • such individual is covered under a high deductible health plan as of the 1st day of such month, and • such individual is not, while covered under a high deductible health plan, covered under any health plan • which is not a high deductible health plan, and • which provides coverage for any benefit which is covered under the high deductible health plan. The HDHP policy does not have to be in the HSA owner’s name,. As long as the individual has coverage under the HDHP policy, he/she can be eligible for an HSA, assuming the other eligibility requirements for contribut
