HSA Eligibility Requirements 2

Question 1

For 2025, what is the maximum out-of-pocket limit for a family High Deductible Health Plan (HDHP)?

Accepted Answer

$16,600

Answer

For 2025, the IRS set the maximum out-of-pocket limit for a family HDHP at $16,600, which includes deductibles, copayments, and coinsurance.

Question 2

Which of the following individuals is eligible to open and contribute to an HSA?

Accepted Answer

A 45-year-old enrolled in a qualifying HDHP with no other disqualifying coverage

Answer

A 45-year-old enrolled in a qualifying HDHP without other disqualifying coverage meets all IRS eligibility criteria to contribute to an HSA.

Question 3

What is the catch-up contribution amount that HSA-eligible individuals aged 55 or older may contribute annually in addition to the standard limit?

Accepted Answer

$1,000

Answer

Individuals who are 55 or older and otherwise HSA-eligible may contribute an additional $1,000 per year as a catch-up contribution.

Question 4

An individual receives VA health benefits for a non-service-connected condition. How does this affect their HSA eligibility?

Accepted Answer

It may disqualify them from HSA contributions for the months VA benefits were received

Answer

Receiving VA medical benefits for non-service-connected conditions within the last three months is generally considered non-HDHP coverage, disqualifying the individual from HSA contributions for those months.

Question 5

Which of the following is considered a 'permitted benefit' under IRS rules and does NOT disqualify an individual from HSA eligibility?

Accepted Answer

Workers' compensation insurance

Answer

Workers' compensation insurance is specifically listed as permitted insurance by the IRS and does not disqualify an individual from contributing to an HSA.

HSA - Health Savings Account Certification Practice Test

HSA - Health Savings Account Certification Practice Test

HSA Eligibility Requirements 2