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What is an HSA-eligible health plan?

April 26, 2017Health hsa-eligible Plan

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What is an HSA-eligible health plan?

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• It’s a high deductible health plan that can be thought of as a “low premium” plan. The consumer is responsible for the first several thousand dollars in health care expenses. The health savings account is designed to cover those expenses.

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The IRS determines the requirements of an HSA-eligible health plan (please refer to the IRS Guidelines section for specifics); however, if you enroll through your employer, your employer determines your specific plan design based on those guidelines. Please check your benefit plan materials for your plan design.