HSA Eligibility Requirements 1 — Questions and Answers
Question 1: What is the primary requirement an individual must meet to be eligible to contribute to a Health Savings Account (HSA)?
- Enrollment in a High Deductible Health Plan (HDHP) (Correct answer)
- Employment with an HSA-sponsoring employer
- Having at least one qualifying dependent
- Enrollment in a preferred provider organization (PPO)
Correct answer: Enrollment in a High Deductible Health Plan (HDHP)
To contribute to an HSA, an individual must be covered under a qualifying High Deductible Health Plan (HDHP) and meet no other disqualifying conditions.
Question 2: Which of the following would automatically disqualify an individual from contributing to an HSA?
- Enrollment in Medicare Part A or Part B (Correct answer)
- Having a dental insurance plan
- Holding a life insurance policy
- Participation in a vision-only insurance plan
Correct answer: Enrollment in Medicare Part A or Part B
Enrollment in Medicare Part A or Part B disqualifies an individual from making HSA contributions because Medicare is considered non-HDHP health coverage.
Question 3: An individual claimed as a dependent on another person's federal tax return is:
- Ineligible to contribute to their own HSA (Correct answer)
- Eligible to contribute to an HSA at the dependent rate
- Eligible only if enrolled in a family HDHP
- Eligible to contribute up to half the normal limit
Correct answer: Ineligible to contribute to their own HSA
Individuals who can be claimed as a dependent on someone else's tax return are not eligible to contribute to an HSA, regardless of their HDHP coverage.
Question 4: Which type of supplemental coverage is permitted alongside an HDHP without disqualifying an individual's HSA eligibility?
- Stand-alone dental and vision insurance (Correct answer)
- A general-purpose flexible spending account (FSA)
- A health reimbursement arrangement (HRA) covering general medical expenses
- A spouse's non-HDHP health plan covering the individual
Correct answer: Stand-alone dental and vision insurance
Stand-alone dental and vision insurance are classified as "permitted insurance" under IRS rules and do not disqualify an individual from contributing to an HSA.
Question 5: For 2025, what is the minimum annual deductible required for a self-only High Deductible Health Plan (HDHP)?
- $1,650 (Correct answer)
- $1,200
- $2,000
- $1,400
Correct answer: $1,650
For 2025, the IRS set the minimum annual deductible for a qualifying self-only HDHP at $1,650.
Question 6: Which of the following correctly describes the HSA eligibility status of someone covered by TRICARE?
- TRICARE coverage generally disqualifies an individual from HSA contributions (Correct answer)
- TRICARE is considered permitted insurance and does not affect HSA eligibility
- TRICARE enrollees may contribute at a reduced HSA rate
- TRICARE-covered individuals may contribute only during open enrollment
Correct answer: TRICARE coverage generally disqualifies an individual from HSA contributions
TRICARE is not a qualifying HDHP and is not considered permitted insurance, so TRICARE coverage generally disqualifies an individual from contributing to an HSA.
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:
- Disqualifying the employee from contributing to an HSA (Correct answer)
- Reducing the employee's maximum HSA contribution by the FSA balance
- Having no effect on the employee's HSA eligibility
- Allowing the employee to contribute only to a spousal HSA
Correct answer: Disqualifying the employee from contributing to an HSA
If a spouse's general-purpose FSA can pay for the employee's medical expenses, the employee is considered to have non-HDHP coverage and is disqualified from HSA contributions.
HSA Eligibility Requirements 1
What is the primary requirement an individual must meet to be eligible to contribute to a Health Savings Account (HSA)?