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Eligible Plans

An HSA-Eligible Plan is a High Deductible Health Plan (HDHP) that is qualified for use with a Health Savings Account. Qualified plans have the following characteristics:

  • A minimum deductible for Individual and Family coverage
  • A maximum out-of-pocket limit (including deductibles and co-pays) for Individual and Family coverage.

Health Insurance.com easily identifies HSA-Eligible plans with the following icon:

What is an HDHP?

A High Deductible Health Plan (HDHP) is exactly what it sounds like: a health insurance plan that covers an individual or family with a high out-of-pocket deductible. With a higher deductible, the plan will naturally have lower monthly premiums – a key benefit to the Health Savings Account formula.

For 2006, the Internal Revenue Service has set the minimum deductible amount for an HSA-Compatible HDHP at $1,050 for individual plans and $2,100 for family plans.

Ask your health plan representative if your plan qualifies to be an HSA-Compatible HDHP.

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