HR Fast Facts: What are the Eligibility Requirements for an HSA?

Individuals must meet all of the following IRS-defined criteria in order to be eligible for opening and contributing to an HSA.

• Individuals must be covered by a qualified High Deductible Health Plan (HDHP) in Zenefits.
• The minimum required deductibles for an HDHP cannot be less than:
  • Individual Coverage: $ 1 ,350
  • Family Coverage: $ 2 ,700
• The maximum out-of-pocket expenses (deductibles) are capped for individual and for family coverage.
  • Individual Coverage: $ 6 ,750
  • Family Coverage: $13,500
• Individuals cannot be covered by another non-qualified healthcare plan, such as a health plan sponsored by a spouse’s employer, Medicare, or TriCare.
• Individuals cannot be claimed as a dependent on another individual’s tax return.
• If the individual has a flexible spending account (FSA), participation is restricted to dental, vision, or post-deductible medical expenses.