There are several qualifications that must be met in order for an individual to be eligible to contribute to an HSA.
Individuals must have a qualifying High Deductible Health Plan (HDHP). Generally, any individual with a qualifying HDHP is eligible
as long as the individual is not covered by any disqualifying health coverage*.
Individuals cannot be claimed as a tax dependent.
- An individual who can be claimed as a tax dependent of another individual under IRC section 151 or IRC 152 is not an eligible
Individual for Health Savings Account purposes.
Individuals cannot be enrolled in Medicare.
If an individual's spouse has non-qualified HDHP coverage, that particular non-qualified HDHP coverage cannot cover the individual.
*Disqualifying health coverage is any coverage under a non-HDHP that provides coverage for any
benefit covered by the HDHP. Any other non-HDHP health coverage would disqualify an otherwise eligible individual unless it constitutes
preventive care, certain permitted coverage, or certain permitted insurance.
