Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.
A health savings account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee or custodian to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA. You can learn much more about Health Savings Accounts by contacting your Home Bank representative and/or reviewing IRS Publication 969 here.
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