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What are the IRS guidelines the health plan must meet for an HSA?

What are the IRS guidelines the health plan must meet?
An HSA can only be opened with a health plan that meets the following IRS rules:

2023 Requirements:

2024 Requirements:

Additional Requirements:

  • You cannot be claimed as a tax dependent by someone else
  • You cannot be enrolled in Medicare or Tricare.
  • You cannot be covered under a health plan (as an individual, spouse, or dependent) that is not an HDHP
  • If you are also covered by a medical flexible spending account (FSA), it must be a limited FSA, covering only vision and dental expenses.
    This applies even if the FSA is in your spouse's name.
  • If you are also covered by a health reimbursement arrangement (HRA), it must be a limited HRA, covering only vision and dental expenses.
    This applies even if the HRA is in your spouse's name.

If you are not sure if your plan is HSA compatible, please contact your insurance company.