HSA Eligible Requirements - HDHP Coverage
You are allowed to open and fund a Health Savings Account (HSA) as long as you meet the following criteria:
- Must be covered by an HSA-compatible, high deductible health plan (HDHP).
- Cannot have additional health insurance coverage that does not meet the requirements of an HDHP (this requirement does not apply to specific injury insurance and accident, disability, dental care, vision care, long-term care).
- Cannot be listed as a dependent on another person's tax return.
- Cannot be entitled to benefits under Medicare.