How do I know if I am eligible to contribute to an HSA Account?
You must be a participant in a High Deductible Health Plan (HDHP), regardless of whether or not the insurance is provided to you by you employer or if you purchased an individual insurance policy. In order to be eligible to contribute to an HSA, you cannot be covered by any other health plan that is not an HDHP (i.e. you cannot also be covered by your spouses insurance), you cannot be covered under Medicare, and you cannot be claimed as a dependent on another person's tax return.