HSA Eligibility

To be eligible to open and contribute to an HSA you must meet all of the following criteria, as defined by the IRS:

• You are covered by a qualified High Deductible Health Plan (HDHP)
  • The minimum required deductibles for a HDHP cannot be less than:

    	2014	2015
    Individual coverage	$1,250	$1,300
    Family coverage	$2,500	$2,600

  • The maximum out-of-pocket expenses are capped for individual coverage and for family coverage. The maximum out of pocket limits are:

    	2014	2015
    Individual coverage	$6,350	$6,450
    Family coverage	$12,700	$12,900

• You are not covered by another non-qualified health care plan, such as a health plan sponsored by your spouse's employer, Medicare or TriCare
• Flexible Spending Account (FSA) participation is restricted to dental, vision or post-deductible medical expenses
• You cannot be claimed as a dependent on another individual's tax return