HSA Eligibility Requirements

To be eligible for an HSA, an individual must participate in a qualified HDHP (High Deductible Health Plan) offered by their employer. A HDHP is a health plan with the following qualifications:

  • Deductible of at least $1,200 for an individual or $2,400 for a family in 2012
    Deductible of at least $1,250 for an individual or $2,500 for a family in 2013
  • Maximum out of pocket expenses
    • 2012 $6,050 for an individual or $12,100 for a family
    • 2013 $6,250 for an individual or $12,500 for a family
  • Eligibility is determined on a month-to-month basis

 

Apply Now or Learn More about Sandy Spring Bank's Health Savings Accounts:

  • Please call: 800-399-5919, press 2, 5.
  • View Sandy Spring Bank's HSA Rates

*All references to tax savings are at a federal level. State taxes vary. Please consult your tax advisor.

 

 

 

 

 

 

 

 

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