Benefits of your HSA
Are you eligible for an HSA?
Because HSA plans have certain tax advantages, the IRS defines specific rules for participants.
You are not eligible for an HSA if you:
Are enrolled in Medicare.
Are covered by another medical plan that’s not a qualified high deductible health plan.
Can be claimed as a dependent on someone else’s tax return.
Are covered by veterans’ benefits and have used Veterans Affairs medical services within the past three months. Veterans who have a service-connected disability can participate in an HSA regardless of when they received VA benefits.
Are enrolled in or covered by a general purpose Health Care Flexible Spending Account (FSA) or Health Reimbursement Account (HRA), including one through your spouse’s/domestic partner’s employer.