There are two basic criteria to check if your health insurance qualifies for HSA Contributions (refer to IRS website for details: https://www.irs.gov/publications/p969)

1. Minimum annual deductible (single person): $1,500
2. Maximum annual deductible and other out-of-pocket expenses (single person): $7,500

Question 1: I don't understand the second crtierium. Can you help?

Question 2: My insurance has an "Individual in-network medical out-of-pocket" of $7,900. Does it meet the second requirement?

There are two basic criteria to check if your health insurance qualifies for HSA contributions. (There are details on the IRS website.)

1. Minimum annual deductible (single person): $1,500
2. Maximum annual deductible and other out-of-pocket expenses (single person): $7,500

Question 1: I don't understand the second criterium. Can you help?

Question 2: My insurance has an "Individual in-network medical out-of-pocket" of $7,900. Does it meet the second requirement?

There are two basics criteria to check if your health insurance qualifies for HSA Contributions (refer to IRS website for details: https://www.irs.gov/publications/p969)

1. Minimum annual deductible (single person): $1,500
2. Maximum annual deductible and other out-of-pocket expenses (single person): $7,500

Question 1: I don't understand the second crtierium. can you help?

Question 2: My insurance has an "Individual in-network medical out-of-pocket" of $7,900. Does it meet the second requirement?

There are two basic criteria to check if your health insurance qualifies for HSA Contributions (refer to IRS website for details: https://www.irs.gov/publications/p969)

1. Minimum annual deductible (single person): $1,500
2. Maximum annual deductible and other out-of-pocket expenses (single person): $7,500

Question 1: I don't understand the second crtierium. Can you help?

Question 2: My insurance has an "Individual in-network medical out-of-pocket" of $7,900. Does it meet the second requirement?