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 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.