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How do I qualify for a Health Savings Account (HSA)?

To open a health savings account (HSA), you must meet the following requirements, according to the Internal Revenue Service (IRS):
  1. You must be covered under a high-deductible health plan (HDHP) that meets IRS requirements for the annual deductible and out-of-pocket maximum.
  2. You cannot be enrolled in Medicare.
  3. You cannot be enrolled in TRICARE, a military benefits program.
  4. You cannot have received Veterans Administration (VA) benefits within the past three months. (If you already had an HSA and received VA benefits, you cannot contribute to the HSA for the next three months.)
  5. You cannot be claimed as a dependent on someone else's tax return.
  6. You are not covered by a general purpose health care flexible spending account (FSA) or health reimbursement account (HRA).
  7. You are not covered by any other non-HDHP plan, such as a spouse's health plan.
If you meet these requirements, you are an eligible individual even if your spouse has non-HDHP family coverage, provided your spouse's coverage does not cover you.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.