Am I eligible for a health savings account?
There are four main things that determine whether you’re eligible to have and use a health savings account:
1. You must have a qualifying high-deductible health plan (HDHP).
2. You cannot have any other health coverage, including: Medicare, Medicaid, or Tricare; Other employer-sponsored health coverage, like an HMO or PPO; Other individual coverage, like a short-term plan or healthshare ministry plan.
3.You must either be a U.S. citizen or be authorized to work in the U.S., have a Social Security Number, and be earning income in the U.S. at the time of enrollment into a health savings account.
4. You can’t have a general health flexible spending account (FSA) with funds in it while you have an HSA.