IRS
What you need to know
How do you qualify for an HSA?
To be an eligible individual and qualify for a HSA, you must meet the following requirements:
- You must be covered under a qualified high-deductible health plan (QHDHP)
- You have no other health coverage except what is permitted. You and your spouse (if you have family coverage) generally cannot have any health coverage that is not an HDHP. However, you can still be an eligible individual, even if your spouse has non-HDHP coverage, provided that you are not covered by that plan
- You are not enrolled in Medicare
- You cannot be claimed as a dependent on someone else’s tax return
- You haven’t received Veteran’s benefits in the last 90 days
Coaches' Takeaway
An important stipulation of the HSA law that differentiates it from FSAs and HRAs is that consumers must purchase a qualified high-deductible health plan (QHDHP) to establish and fund an HSA. What this means is that the QHDHP must meet certain deductible and maximum out-of-pocket limitation requirements
Tools & Resources
CDHPCoach’s Storage Facility, where the Coach has organized and compiled a vast amount of tools and resources for you to access.
Library
Housed here are key components and information within the book, Bend the Healthcare Trend which was the impetus behind the CDHPCoach.
IRS
What you need to know