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Your Internet Resource for HSA Information
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.
HSA Deductible Ranges For 2007 |
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Minimum
Deductible |
Maximum
Out-of-Pocket |
Individual
Coverage |
$1,100 |
$5,500 |
Family
Coverage |
$2,200 |
$11,000 |
HSA Deductible Ranges For 2006 |
| |
Minimum
Deductible |
Maximum
Out-of-Pocket |
Individual
Coverage |
$1,050 |
$5,250 |
Family
Coverage |
$2,100 |
$10,500 |
HSA Deductible Ranges For 2005 |
| |
Minimum
Deductible |
Maximum
Out-of-Pocket |
Individual
Coverage |
$1,000 |
$5,100 |
Family
Coverage |
$2,000 |
$10,200 |
HSA Deductible Ranges For 2004 |
| |
Minimum
Deductible |
Maximum
Out-of-Pocket |
Individual
Coverage |
$1,000 |
$5,000 |
Family
Coverage |
$2,000 |
$10,000 |
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.
Click here for a
summary of the differences between an HSA and an MSA.
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