HSA Contribution Limits
Individual Coverage $3,100 $3,250
Family Coverage $6,250 $6,450
You can only contribute to an HSA if you have a High Deductible Health Plan (HDHP)
HDHP Qualification Guidelines
Minimum Deductible $1,200 $1,250
Maximum Out Of Pocket $6,050 $6,250
Minimum Deductible $2,400 $2,500
Maximum Out Of Pocket $12,100 $12,500
Who is eligible?
A member must be covered by a High Deductible Health Plan (HDHP) and not be covered by other health insurance except for permitted insurance listed under section 223(c)(3). In addition, a member is not eligible if he or she can be claimed as a dependent on another person's tax return.
An employee's participation in a health flexible spending arrangement (FSA) or health reimbursement arrangement (HRA) may limit or exclude the individual (and employer) from making contributions to his or her HSA, unless it is a limited-purpose FSA, post-deductible FSA or some HRA plan types.
Discrimination Rules Apply
A member may contribute to an employee's HSA using a cafeteria plan and the contributions are not subject to the statutory comparability rules. However, cafeteria plan nondiscrimination rules still apply.
Change is inevitable. It comes along every so often, upending nearly everyone in its wake. However, there are the rare few that foresee potential problems ahead and create opportunities that solve those problems. The knowledge they possess and the dedication they have to their cause allow them to persevere and move onward... Polestar Benefits is here as a guiding light, to show you through dangerous waters and ensure that you are continuously moving toward to achieving your goals. More About Us.