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

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.

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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.
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