Who is eligible to open an HSA?
• If you meet all the criteria listed below you are eligible to open and contribute to an HSA. The Medicare Act of 2003, which established HSAs, defines “eligible individuals” as those who: • are covered by a qualified high deductible health plan (HDHP); • are not covered by another health care plan, such as a health plan sponsored by your spouse’s employer, Medicare or TriCare; • cannot be claimed as a dependent on another individual’s tax return. You may still open and contribute to an HSA if you have certain limited coverages approved by the IRS, such as dental, vision and long-term care insurance. And you are still eligible to establish an HSA if you are entitled to benefits under an Employee Assistance Plan (EAP), disease management or wellness program or have a discount card for prescriptions.
• An individual or a family. • Not a trust or business. • Must be covered by a high deductible health plan (HDHP). • Some one who is self-employed and covered by an HDPH. • Members who are active in an health reimbursement (HRA) or flexible spending account (FSA) need to check with their employer to determine if the HRA or FSA has been properly coordinated with HSA rules.
1. Who is eligible for health-care coverage with Health Advantage? Full-time employees of enrolled groups that live or work in the state of Arkansas and their eligible dependents. Eligible dependents include a legal spouse, an unmarried child under the age of 19 (or your group’s maximum dependent age), a full-time student under the limiting age specified in the group contract, or a child of any age that is certified disabled due to mental or physical incapacity and chiefly dependent on the employee for financial support. Proof of Incapacity Questionnaire (69 KB PDF) must be submitted. top 2. When can I apply for coverage? Employees may apply for coverage for themselves and their eligible dependents according to the following guidelines. Refer to your Evidence of Coverage for more information. Initial Enrollment Period: New employees may apply for coverage during the initial enrollment period, which is 31 days within date of full-time employment. Coverage is effective at the expiration
