These plans are available only to individuals with a qualified high-deductible health plan (HDHP). In 2016, a HDHP is a plan with a deductible of at least $1,300 (same in 2015) for individual coverage and $2,600 (same in 2015) for family coverage. In addition, in 2016 the annual out-of-pocket expense (e.g., co-pays, deductibles, and other amounts, other than premiums) can be no more than $6,550 ($6,450 in 2015) for individual coverage and $13,100 ($12,900 in 2015) for family coverage. These amounts are indexed annually for inflation. To qualify as an HDHP, no payment can be made from a family coverage plan for an individual (except for preventative care benefits to which a deductible does not need to apply) until the family deductible is met.
You generally will not be eligible to open an HSA, even if you are covered under an HDHP, if any of the following apply: