Who is eligible for a federally tax-deferred HSA?
To be an eligible individual and qualify for an HSA, you must meet the following requirements:
- You have a High Deductible Health Plan (HDHP) on the first day of the month (see deductible ranges below).
- You have no other health coverage except what is permitted. See the “Other Health Coverage” section in IRS Publication 969.
- You are not enrolled in Medicare.
- You cannot be claimed as a dependent on someone else’s tax return.
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High Deductible Health Plan Limits For 2021
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Minimum Annual Deductible
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Out-of-Pocket Maximum
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| Individual Coverage |
$1,400
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$7,000
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| Family Coverage |
$2,800
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$14,000
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High Deductible Health Plan Limits For 2020
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Minimum Annual Deductible
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Out-of-Pocket Maximum
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| Individual Coverage |
$1,400
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$6,900
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| Family Coverage |
$2,800
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$13,800
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Note: Preventive care services are not subject to the deductible. In addition, coverage for accidents, disability, dental care, vision care, and long-term care is not subject to the deductible.