Eligibility Requirements To Establish A Health Savings Account
To qualify for a Health Savings Account (HSA), you must meet each of the following requirements, each of which are described in other sections of this article:
- You must be:
- Under age 65.
- Not have Medicare.
- Not be eligible to be claimed as a dependent on someone else's tax return.
- You have a High Deductible Health Plan (HDHP) on the first day of the month.
- You do not have any other health plan that is not an HDHP. Other plans relating to your health which are not health plans are permitted.
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