What Qualifies as an HSA Eligible Health Plan?

When it comes to understanding Health Savings Accounts (HSAs), one of the key factors to consider is what qualifies as an HSA eligible health plan. In order to open and contribute to an HSA, individuals must be enrolled in a high-deductible health plan (HDHP) that meets specific requirements set by the IRS.

Here are some important points to consider when determining if a health plan qualifies as HSA eligible:

• The plan must have a minimum annual deductible as defined by the IRS.
• The plan's out-of-pocket maximum must also meet IRS guidelines.
• The HDHP cannot provide any benefits except for preventive care before the deductible is met.
• Coverage for medical expenses must apply even if the deductible has not been met.
• Once these requirements are met, individuals can contribute pre-tax dollars to their HSA to use for qualified medical expenses.

It is essential to carefully review your health plan's details to ensure it meets the criteria for HSA eligibility.




To qualify for an HSA, your health plan must be an HDHP that adheres to IRS standards. Understanding these criteria can help you maximize your health savings.