HSA Eligibility Requirements

Question 1

What is the primary requirement an individual must meet to be eligible to contribute to a Health Savings Account (HSA)?

Accepted Answer

Enrollment in a High Deductible Health Plan (HDHP)

Answer

Employment with an HSA-sponsoring employer

Answer

Having at least one qualifying dependent

Answer

Enrollment in a preferred provider organization (PPO)

Question 2

Which of the following would automatically disqualify an individual from contributing to an HSA?

Accepted Answer

Enrollment in Medicare Part A or Part B

Answer

Having a dental insurance plan

Answer

Holding a life insurance policy

Answer

Participation in a vision-only insurance plan

Question 3

An individual claimed as a dependent on another person's federal tax return is:

Accepted Answer

Ineligible to contribute to their own HSA

Answer

Eligible to contribute to an HSA at the dependent rate

Answer

Eligible only if enrolled in a family HDHP

Answer

Eligible to contribute up to half the normal limit

Question 4

Which type of supplemental coverage is permitted alongside an HDHP without disqualifying an individual's HSA eligibility?

Accepted Answer

Stand-alone dental and vision insurance

Answer

A general-purpose flexible spending account (FSA)

Answer

A health reimbursement arrangement (HRA) covering general medical expenses

Answer

A spouse's non-HDHP health plan covering the individual

Question 5

For 2025, what is the minimum annual deductible required for a self-only High Deductible Health Plan (HDHP)?

Accepted Answer

$1,650

Answer

$1,200

Answer

$2,000

Answer

$1,400

Question 6

Which of the following correctly describes the HSA eligibility status of someone covered by TRICARE?

Accepted Answer

TRICARE coverage generally disqualifies an individual from HSA contributions

Answer

TRICARE is considered permitted insurance and does not affect HSA eligibility

Answer

TRICARE enrollees may contribute at a reduced HSA rate

Answer

TRICARE-covered individuals may contribute only during open enrollment

Question 7

A spouse's general-purpose Flexible Spending Account (FSA) that covers the employee's medical expenses affects the employee's HSA eligibility by:

Accepted Answer

Disqualifying the employee from contributing to an HSA

Answer

Reducing the employee's maximum HSA contribution by the FSA balance

Answer

Having no effect on the employee's HSA eligibility

Answer

Allowing the employee to contribute only to a spousal HSA