FIVE REASONS TO HAVE AN HSA • ABOUT HSAs • HSA Eligibility • HSA Expenses
2007 Legislative Changes • HSA Deductibles • HSA Visa • WE GIVE YOU MORE

Who is eligible for a federally tax-deferred HSA?

Individuals under the age of 65 are eligible to contribute to an HSA if they have a qualified health plan. For self-only policies, a qualified health plan must have an annual deductible that is not less than $1,150 and the annual out-of-pocket expenses cannot exceed $5,800 (2009 figures - indexed annually). For family policies, a qualified health plan must have an annual deductible that is not less than $2,300 and the annual out-of-pocket expenses cannot exceed $11,600 (2009 figures - indexed annually). Preventive care services are not subject to the minimum deductible requirement. In addition, coverage for accidents, disability, dental care, vision care, and long-term care is not subject to the minimum deductible requirement.