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.

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