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FAQs >Health Savings Accounts >What insurance plans are HSA-compatible?...
 
  What insurance plans are HSA-compatible?
 
In order to have a Health Savings Account, you must get an HSA-compatible health insurance plan. This type of insurance plan is often referred to as a High Deductible Health Plan, and typically has lower premiums than plans with lower deductibles.
 
A health insurance plan must meet the following criteria to be considered HSA-compatible:
  • The health insurance plan must have an annual deductible of at least $1,200 for individuals and at least $2,400 for families.

  • The sum of the annual deductible and the other annual out-of-pocket expenses required to be paid under the plan (other than premiums) does not exceed $5,950 for individuals and $11,900 for families.

To make things easy for you, our site identifies the HSA-compatible plans with the symbol shown below:
 
 
NOTE: If you have other health insurance coverage (such as coverage under a spouse's employer-sponsored plan) in addition to your HSA-compatible health insurance plan, then the other plan must 1) also be HSA-compatible in order to contribute to an HSA or 2) the other plan cannot cover any benefits provided under your HSA-compatible plan.
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