Frequently Asked Questions

Can I open a Health Savings Account (HSA) if I am covered by Medicare or Medicaid?

No. Also, if you have primary or secondary coverage under any non-high deductible health plan or have received Veterans Administration health benefits in the last three months, you cannot have an HSA. Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs) may make you ineligible for an HSA unless they are: (1) limited purpose (limited to dental, vision, or preventive care) or (2) post-deductible (pay for medical expenses after the plan deductible is met). HRAs that set aside money only for retiree health expenses are also acceptable.

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