To be eligible, you'll need to:
✅ enroll in an HSA-eligible High Deductible Health Plan (HDHP)
🔳 not have a disqualifying circumstance
What's an HSA-eligible HDHP?
An HDHP is a health insurance plan wherein the individual/family pays the first cost of healthcare up to the deductible before any kind of insurance kicks in (preventative care is excluded from this definition). This includes prescription drugs as well.
The minimum deductible and maximum out-of-pocket expenses are indexed annually for inflation. Here are 2026's criteria to follow:
HDHP Details | Individual Plan | Family Plan |
Minimum Deductible | $1,700 | $3,400 |
Maximum Out-of-pocket | $8,500 | $17,000 |
Health plan providers usually identify eligible health plans as HSA-Eligible, but you can review your plan details to make sure!
Source IRS Rev. Proc. 2025-19
I'm on an HSA-eligible plan, what's next?
You'll need to watch out for disqualifying circumstances. If you're not disqualified for any reason, you can open an HSA as soon as you are eligible.
Don't wait long to take advantage of an HSA. Investing in your personal and financial wealth is a gift that keeps on giving!
Actually, I already have an HSA account...
No worries, you can open as many HSA accounts as you want. You're all good as long as the combined total contributions follow the annual contribution limits.