APPENDIX A - Educational Information
How do I know if I am allowed to contribute to an HSA ?
An employee covered by an HDHP and a health FSA that pays or reimburses qualified medical expenses generally cannot make contributions to an HSA . Follow the guide below to learn more . ( Employees enrolled in Medicare are not eligible .)
IF YOU HAVE :
A
A Limited Purpose Medical Flexible Spending Account or a Post-Deductible Flexible Spending Account
WITH : THEN :
A balance or zero balance on the last day of the prior year ...
... you are eligible to open and contribute to your HSA immediately in the new plan year .
B
A Full Purpose Medical Flexible Spending Account
WITH : THEN :
A balance at the end of the prior year and without a grace period at the end of the prior year , OR , A zero balance on the last day of the prior year ( with or without grace period )...
... you are eligible to open and contribute to your HSA immediately in the new plan year .
WITH : THEN :
A balance at the end of the prior year and a grace period ...
WITH : THEN :
A balance and a carryover to a limited purpose FSA ...
... you are eligible to open and contribute to your HSA the first of the month following the last day of your grace period .
... you are eligible to open and contribute to your HSA immediately in the new plan year .
WITH : THEN :
A balance and a carryover to a full purpose FSA ...
... you are covered by a full purpose FSA in the new plan year . NOTE : You are not eligible to open and contribute to a HSA until your FSA coverage ends .
26