Who qualifies for a Health Savings Account (HSA)?
A. You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of HSAs. The minimum deductible to qualify is $1,200 for individuals and $2,400 for families. HDHPs usually cost less than traditional health care insurance, so the money that you save on insurance can be put into the Health Savings Account. What the HDHP actually covers can vary widely, so check with your employer about your plan coverage.
