Common use of Review HSA Eligibility Requirements Clause in Contracts

Review HSA Eligibility Requirements. Federal regulations require you meet all of the following eligibility requirements to open and contribute to an HSA: > Covered under a qualified high deductible health plan on the first day of the month* > Not covered by any other health plan, including your spouse’s health insurance > Not covered by your own or spouse’s medical Flexible Spending Account (FSA) (unless it qualifies as a“limited purpose” FSA)* > Not enrolled in any part of Medicare or Tricare > Have not received Veteran’s health benefits in the past 90 days for a non-service connected disability > Not claimed as a dependent on another person’s tax return You are not subject to these eligibility requirements to open an HSA with us if you are only transferring funds from an existing HSA. *Contact your health insurance provider to confirm that your plan is HSA compatible and any FSA for which you are eligible qualifies as “limited purpose.” Health Savings is not able to determine if your health plan is qualified or if your FSA is “limited purpose.”