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Old 02-26-2008, 12:45 PM
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Who is eligible for Health Savings Account?

Can you please tell me who is eligible for a Health Savings Account?

Thanks...

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Old 02-26-2008, 08:41 PM
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What are HSA and what are the eligibility requirements?

Thanks for your comment!

What are Health Savings Accounts (HSAs)?
Actually, the HSA were created by "the Medicare bill signed by President Bush on December 8, 2003 and are designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis."

Who is eligible for a Health Savings Account?
Clearly, Congress intended to provide a means for Individuals to save on the spiralling health insurance costs. One way that seemed to provide cost savings was the HSA. But, there were clearly some eligiblity requirements. The eligibility requirements state that, "an individual must be covered by a HSA-qualified High Deductible Health Plan (HDHP) and must not be covered by other health insurance that is not an HDHP."

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Old 02-27-2008, 05:34 PM
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I pulled this off HSAeducator.com:

In order to open an HSA, you must be “HSA Eligible.” IRS guidelines say that an HSA Eligible Individual is anyone who:

Is under age 65 and not entitled to Medicare
Is covered by an HSA-qualified High Deductible Health Plan (HDHP)
Cannot be claimed as a dependent by another person
Isn’t covered by some sort of additional, non-HDHP insurance program



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Old 02-27-2008, 06:04 PM
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HSA eligibility

[quote=presley;1050]Can you please tell me who is eligible for a Health Savings Account?

Thanks...



I pulled this off HSAeducator.com:

In order to open an HSA, you must be “HSA Eligible.” IRS guidelines say that an HSA Eligible Individual is anyone who:

Is under age 65 and not entitled to Medicare
Is covered by an HSA-qualified High Deductible Health Plan (HDHP)
Cannot be claimed as a dependent by another person
Isn’t covered by some sort of additional, non-HDHP insurance program



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