Is covered by a qualified High Deductible Health Plan (HDHP);
A qualified HDHP:
Must satisfy annual deductible and out-of-pocket
Requirements
Single Coverage:
Annual deductible must be at least $1,100
Out-of-pocket expenses cannot exceed $5,600
Family coverage:
Annual deductible must be at least $2,200
Out-of-pocket expenses cannot exceed $11,200
Is not covered by another non-HDHP
Is not enrolled in Medicare
Cannot be claimed as a dependent on another individual’s tax return
Spouses can establish their own HSAs, if eligible (only if both spouses have HDHP
coverage—special rules apply to determine the contribution
limits of both)
No income or employment limits on who may contribute to an HSA
