Can You Continue to Contribute to HSA MNsure? Everything You Need to Know

If you have an HSA (Health Savings Account) and are using MNsure for your health insurance, you may wonder if you can continue to contribute to your HSA. The short answer is yes, but there are some nuances to consider.

When you have an HSA, you can contribute to it as long as you are covered by a High Deductible Health Plan (HDHP) and meet other IRS eligibility criteria. MNsure plans may or may not qualify as HDHPs, so it's essential to check the specifics of your plan.

Here are some key points to keep in mind:

• If your MNsure plan qualifies as an HDHP, you can continue to contribute to your HSA.
• Annual contribution limits for 2021 are $3,600 for individuals and $7,200 for families. If you are 55 or older, you can make an additional $1,000 catch-up contribution.
• Contributions to your HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses.
• Even if you change health insurance plans or leave MNsure, you can keep your HSA and continue to use the funds for medical expenses.

Overall, having an HSA can provide valuable tax advantages and flexibility in managing your healthcare expenses. If you have an HSA and are using MNsure, you can typically continue to contribute to your account as long as your health plan meets the necessary requirements.

If you have an HSA (Health Savings Account) while enrolled in MNsure, rest assured that you can typically continue to make contributions to your account, provided your health plan is classified as a High Deductible Health Plan (HDHP). It’s essential to ensure your specific MNsure plan meets this criterion, as it determines your eligibility to contribute to your HSA.