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 a HDHP. Certain types of insurance such as short term medical and Medicare plans are not considered HSA Compatible Plans and are not eligible for a new HSA account to be opened.
Articles in this section
- Can I be covered under another health plan and still open an HSA account?
- Can I convert an HSA account to an IRA? What are the pros/cons?
- Can I roll over or transfer funds from my HSA to a spouse's HSA?
- How does the ACA Affect Non-Medical HSA Withdrawals?
- If My Employer Contributes to My HSA, Does That Also Provide Me Any Tax Benefits?
- Can I Use My HSA to Pay for Medical Expenses Incurred Before I Set Up My HSA Account?
- Who Is Eligible for an HSA?
- Can I Borrow Against My HSA Account?
- Does my Income Affect my HSA Eligibility?
- I Would Like to Roll Money From a 401K and 457 Account From My Previous Employer Into a New HSA as My One Time Rollover. Do I have to Put It Into an IRA first? Could I Make a Quick Turn Around?