HSA and exchanges

Discussion in 'Tax' started by Kurt Ullman, Nov 15, 2013.

  1. Kurt Ullman

    Kurt Ullman Guest

    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?
     
    Kurt Ullman, Nov 15, 2013
    #1
    1. Advertisements

  2. Kurt Ullman

    John Levine Guest

    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.
     
    John Levine, Nov 15, 2013
    #2
    1. Advertisements

  3. Kurt Ullman

    Alan Guest

    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
     
    Alan, Nov 16, 2013
    #3
  4. Kurt Ullman

    George Guest

    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
     
    George, Nov 20, 2013
    #4
  5. Kurt Ullman

    John Levine Guest

    None of the policies on the NY state exchange are HSA eligible. ...
    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.
     
    John Levine, Nov 20, 2013
    #5
    1. Advertisements

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments (here). After that, you can post your question and our members will help you out.