Table of Contents
Can you have an HDHP and PPO at the same time?
Yes, you can have two health insurance plans. Having two health insurance plans is perfectly legal, and many people have multiple health insurance policies under certain circumstances.
Can a person be covered by two high deductible health plans?
[You can be covered under two HDHPs, though. If your employer and your spouse’s employer both offer HDHPs, you can opt for double coverage and still contribute to your HSA.]
Can you have secondary insurance and an HSA?
Yes, dependents can be covered under a medical plan with an HSA as secondary coverage, even if that dependent has other non-HSA qualified coverage, and it does not impact the employee’s eligibility for the HSA plan.
Can I have a HDHP as secondary insurance?
A. The HSA is only available if paired with a qualified High Deductible Health Plan. If your secondary coverage is not through a qualified High Deductible plan, you will not be eligible for a Health Savings Account.
Can I use HSA for spouse not on my insurance?
Generally, no. As long as your spouse’s non-HDHP does not cover you, you remain an eligible individual and can participate in an HSA. As long as you are covered under a High Deductible Health Plan (HDHP) you may open and contribute to an HSA.
Can one spouse have an HSA and the other an FSA?
You cannot have both. In making a decision, see this article regarding Choosing between an HSA and FSA. As for opening an HSA, as long as your husband has a qualifying High Deductible Health Plan, he can open an HSA at whatever financial institution he wants.
Can I have an HSA if I am on my spouse’s HDHP insurance?
As long as you are covered under a High Deductible Health Plan (HDHP) you may open and contribute to an HSA. My spouse and I have family coverage, can we both open an HSA? Yes. You may both open an HSA however, the total amount that may be contributed to your HSAs is still the contribution limit.
Can I use my HSA on my domestic partner?
If your domestic partner or ex-spouse is HSA-eligible, they can open and contribute to their own account. A domestic partner or ex-spouse enrolled on your medical plan who has no other disqualifying coverage and isn’t your tax dependent is eligible to open an HSA to which anyone, including you, can contribute.
Can I open an HSA without a HDHP?
Am I eligible to open an HSA? You can open an HSA but you must have a corresponding qualified high deductible health plan. More technically, an HSA can be established for any individual that meets all of the following: Is covered by a high deductible health plan.
Can I switch from HSA to FSA mid year?
Since the HSA is a personally owned account [similar to a 401(k)], an individual can make certain changes to their account at any time during the plan year. However, changing the election amount mid-year can affect how quickly they reach their individual- or family-based contribution limits that year.