Does the 2018 Silver 70 PPO Qualify for HSA? - HSA Health Savings Account

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Silver 70 PPO HSA eligibility overview

If you are enrolled in a 2018 Silver 70 PPO plan, you may wonder if it qualifies for a Health Savings Account (HSA). The good news is that in most cases, a Silver 70 PPO plan does qualify for an HSA. This means you can take advantage of the tax benefits that come with having an HSA while enjoying the coverage provided by your PPO plan.

If you're enrolled in a 2018 Silver 70 PPO plan and are curious about whether it qualifies for a Health Savings Account (HSA), you're in luck! Typically, the Silver 70 PPO plan qualifies for an HSA, allowing you to enjoy both the coverage of your PPO and the fantastic tax advantages that come with an HSA.

IRS criteria for qualifying HSA plans

It's important to note that not all health insurance plans are eligible for an HSA. To qualify for an HSA, your plan must meet certain criteria set by the IRS:

• The plan must have a minimum annual deductible amount
• The plan must have a maximum limit on out-of-pocket expenses
• The plan must be a high-deductible health plan (HDHP)

Confirm eligibility with insurer or employer

Since the Silver 70 PPO plan typically meets these requirements, it is likely that it qualifies for an HSA. However, it's always best to check with your insurance provider or employer to confirm eligibility.