Part II-Who is eligible for a Health Savings Account?

Eligibility Requirements for Health Savings Accounts
• Must be currently enrolled in an HSA-qualified health plan
• May not be enrolled in any other non-HSA qualified health insurance plan*
• May not have, or be eligible to use, a general purpose flexible spending account (FSA)**
• Cannot be claimed as a dependent on another person’s tax return
• May not be enrolled in Medicare, Medicaid or Tricare
• Must not have used VA benefits for anything other than preventative services in the past three months unless receiving benefits for a service related injury or illness.
*Must not have any other first dollar health insurance coverage before the deductible is met. Preventative care services are not required to be subject to the deductible. Individuals may also carry separate coverage for accidents, disability, dental or vision care and long term care, not subject to the deductible.
**Limited purpose flexible spending accounts are allowed for Vision, Dental or Dependent Care.
Each spouse who is an “eligible individual” and wants to make contributions to an HSA must open a separate HSA. Thus, only one person may be the account beneficiary of an HSA.
For more information regarding Health Savings Accounts refer to IRS Publication 969. https://www.irs.gov/pub/irs-pdf/p969.pdf