Is Aetna's 2018 AFA OA Select 500 100% a HDHP HSA Eligible Plan?

If you are considering enrolling in Aetna's 2018 AFA OA Select 500 100% plan and are wondering whether it qualifies as a High Deductible Health Plan (HDHP) that is eligible for a Health Savings Account (HSA), you have come to the right place for answers.

An HSA is a valuable financial tool that allows individuals to save money tax-free for qualified medical expenses. In order to contribute to an HSA, you must be covered by an HDHP that meets certain criteria set by the IRS.

Here are some key points to consider when determining if Aetna's 2018 AFA OA Select 500 100% plan is HSA eligible:

• Check the plan's deductible: An HDHP must have a minimum deductible amount set by the IRS. Make sure the deductible of the AFA OA Select 500 plan meets this requirement.
• Out-of-pocket maximum: The plan also needs to have a maximum limit on out-of-pocket expenses.
• Check for HSA compatibility: Confirm with Aetna whether the plan is specifically designed to be HSA compatible.

By reviewing these aspects of the AFA OA Select 500 plan, you can determine if it qualifies as an HDHP that allows you to open and contribute to an HSA.

If you're contemplating enrollment in Aetna's 2018 AFA OA Select 500 100% plan and are curious about its status as a High Deductible Health Plan (HDHP) eligible for a Health Savings Account (HSA), you’ve found the right guide!

HSAs are fantastic financial assets allowing you to save tax-free for medical needs, but to utilize an HSA, your healthcare plan must qualify as an HDHP per IRS standards.

Here are pivotal considerations to ensure the Aetna AFA OA Select 500 100% plan is HSA eligible:

• Deductible Requirements: Confirm that the plan's deductible aligns with the minimum limit established by the IRS, ensuring it's high enough to qualify as an HDHP.
• Out-of-Pocket Cap: The AFA OA Select 500 plan must enforce an upper limit on out-of-pocket expenses to fulfill HDHP criteria.
• Check Compatibility: Verify with Aetna whether the AFA OA Select 500 is intended to work with HSAs, adding an extra layer of assurance for your financial planning.

By assessing these critical elements regarding the AFA OA Select 500 plan, you'll be able to discern if it qualifies as an HDHP, enabling you to maximize your HSA contributions.