HSA and exchanges


K

Kurt Ullman

I can't find any policies on my state exchange that specifically say
they are HSA-eligible. Is there something to the policy that makes
HSA-OK or is just meeting the deductible minimum and out of pocket
maximum?
 
J

John Levine

I can't find any policies on my state exchange that specifically say
they are HSA-eligible. Is there something to the policy that makes
HSA-OK or is just meeting the deductible minimum and out of pocket
maximum?
None of the policies on the NY state exchange are HSA eligible. But
my carrier has policies on its own site that look identical, and many
of them are HSA eligible.

This may be a quirk of the way that the ACA works, or it may mean that
you can have an HSA, or you can qualify for ACA subsidies, but you
can't do both.
 
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A

Alan

I can't find any policies on my state exchange that specifically say
they are HSA-eligible. Is there something to the policy that makes
HSA-OK or is just meeting the deductible minimum and out of pocket
maximum?
If a plan is a qualifying High Ddeductible plan, the insurance company
is required to make that statement in the policy (This is a Qualifying
High Deductible Health Plan) or they must include a statement that says
the policy meets the requirements of code section 223. Generally, the
insurance companies either package the HD plans eligible for an HSA
separately from the other plans or they put the letters HSA somewhere in
the plan name.

You can find the definition of an HDHP (hi ded. health plan) on pages 3
and 4 of IRS Pub 969.
http://www.irs.gov/uac/Publication-969,-Health-Savings-Accounts-and-Other-Tax-Favored-Health-Plans
 
G

George

None of the policies on the NY state exchange are HSA eligible. ...
Regards,
John Levine,
Excellus' Bronze ('select' & 'standard'), and Silver 'select', all say
they're HSA-eligible. (From the exchange.) I'm in CNY, if that might
matter.

G
 
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J

John Levine

None of the policies on the NY state exchange are HSA eligible. ...
Excellus' Bronze ('select' & 'standard'), and Silver 'select', all say
they're HSA-eligible. (From the exchange.) I'm in CNY, if that might
matter.
By coincidence, I also happen to be an Excellus customer in CNY, and I
could swear that when I looked at the exchange last month, it didn't
say anything about HSA eligible. It definitely does now. Odd.
 

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