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To be eligible to open an HSA, you must be covered under an HSA-qualified high-deductible health plan (HDHP) on the first day of that month.
An HSA-eligible high-deductible health plan must:
If your qualified coverage begins in the middle of a month, you’ll have to wait until the first day of the next month to open an HSA.
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If you’re covered by a qualified health plan, the next step is to make sure you’re not covered by any disqualifying plans or programs. These include:
If none of these conditions apply to you, and you’ve verified that your health plan is HSA-qualified, then you’re eligible for an HSA.
Federal regulations require you to meet these eligibility requirements in order to open and contribute to an HSA.
You must be:
You must not be: