Who is eligible to open or contribute to an HSA?
To be eligible to open or contribute to an HSA, you must be covered by a “high deductible” medical plan. You cannot be covered under another health insurance plan that is not a high deductible plan, including your spouse’s plan. You may not contribute any more money to your HSA once you are enrolled in Medicare or if you are no longer covered by a high deductible plan, but you can still use the money in your account whenever you need to.
Related Questions
- Are employers who contribute to an employee’s HSA responsible for determining whether the employee is an eligible individual and the employee’s maximum annual contribution limit?
- What happens if I become eligible to contribute to an HSA mid-year (not January 1st)? What is my maximum contribution?
- Can a person contribute to an HSA if he or she is eligible for Medicare Part A and B but is not enrolled?
