Benefits Education - Health Savings Accounts Rules for Married Couples
Employees enrolled in the BlueEdge High Deductible Health Plan (HDHP) are eligible for a Health Savings Account (HSA). An HSA allows you to set aside pretax contributions for your out of pocket medical, dental, vision and prescription drug costs. The account is a bank savings account in the employee’s name, it rolls over every year and can also be rolled into an IRA for retirement savings! However, with an HSA comes a lot of IRS rules and trying to determine your eligibility can be cumbersome, especially if you and your spouse have different health plans through your respective employers. We hope you find the document “HSA Contribution Rules for Married Couples” useful. We also recommend the following websites to help answer your HSA questions.
BenefitWallet eligibility information: https://mybenefitwallet.com/solution-hsa-eligibility.html
BenefitWallet Frequently Asked Questions: https://mybenefitwallet.com/CMS/portal/default/faq.html