Tax23 I am already enrolled in a high deductible health insurance policy that is switching to a HSA plan design soon. Am I eligible to take a deduction for a HSA contribution?
Yes, but double-check with the insurer to make sure that the plan is HSA-qualified and get a written confirmation of HSA status from the insurer. Most high-deductible health insurance plans are not HSA-qualified. HSA-qualified health insurance policies will be clearly labeled as such on the cover page or declaration page of the policy.
Related Questions
- Tax23 I am already enrolled in a high deductible health insurance policy that is switching to a HSA plan design soon. Am I eligible to take a deduction for a HSA contribution?
- Do I have to be enrolled in a High Deductible Health Plan (HDHP) to contribute into an HSA (Health Savings Account)?
- What Is an HSA Qualified Health Insurance Plan/High Deductible Health Plan (HDHP) ?
