Who is considered an "eligible individual" for Health Savings Account? - Ask TaxGuru

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10-26-2009, 12:38 AM

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Who is considered an "eligible individual" for Health Savings Account?

For Health Savings Account (HSA) purposes, an “eligible individual” must meet the following requirements:

the eligible individual must be covered under a high-deducible health plan (HDHP) on the first day of applicable month;
the eligible individual must not be covered by any other health plan that is not an HDHP;
the eligible individual must not be entitled to benefits under Medicare;
the eligible individual must not be claimed as a dependent on another person’s tax return.

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