To be eligible for an HSA, you must meet the following legal requirements:

  • Be enrolled in a qualified high deductible health plan ("HDHP")  -  a health plan that typically offers a higher deductible but a lower premium
  • Not be enrolled in a health insurance plan other than an HDHP or another allowable plan
  • Not be claimed as a dependent on another person's tax return
  • Not be eligible for benefits under Part A or Part B of Medicare