What Qualifies for a 2017 HSA High Deductible Plan?

When looking for a Health Savings Account (HSA) plan for 2017, it's important to ensure that it qualifies as a High Deductible Health Plan (HDHP). This type of plan is a key requirement for opening and contributing to an HSA.

In 2017, to qualify as an HDHP and be eligible for an HSA, the following criteria must be met:

• The plan must have a minimum annual deductible set by the IRS
• The plan's out-of-pocket maximum must not exceed a certain limit set by the IRS
• The plan must meet specific preventive care guidelines without a deductible

It's essential to carefully review the details of the plan to ensure it meets the HDHP requirements for 2017. With the right HSA-eligible plan, individuals can enjoy tax advantages and savings for their healthcare expenses.

When assessing your options for a Health Savings Account (HSA) in 2017, it's crucial to ensure that your chosen plan qualifies as a High Deductible Health Plan (HDHP). This designation is not just a formality; it’s the gateway to effectively managing your healthcare expenses.

To qualify for an HSA, your HDHP must meet certain criteria defined by the IRS in 2017, which include:

• A minimum annual deductible that is compliant with IRS guidelines
• An out-of-pocket maximum that does not exceed the limits set by the IRS
• Preventive care services that are covered without a deductible, ensuring you can access necessary screenings and check-ups without extra costs

Reviewing these elements ensures you're maximizing your benefits while minimizing your healthcare costs. By selecting a compliant HDHP, you position yourself to take full advantage of the potential tax savings and future healthcare funding your HSA offers.