Welcome to InsuranceForums.info!   

Advertisments:


Sponsor Links

Affordable Pet Insurance
Travel Insurance Comparison


My Wife And I Are Considering An Hsa. She's Receiving Disability Payments.?

Disability Insurance News & Discussion

My Wife And I Are Considering An Hsa. She's Receiving Disability Payments.?

Postby macgowan » Tue May 16, 2017 7:10 pm

The disability payments have nothing to do with the HSA.
You can do it if you would have been able to do if without the disability payments.
You cannot do it if you would not have been able to do it without the disability payments.

If the "family health insurance" is a qualifying "High Deductible Health Plan" (HDHP), and is your only health insurance, then you can set up an HSA, whether or not she is receiving disability insurance.

If you do not have an HDHP, or if you have any other type of health insurance (even if you also have an HDHP), then you cannot set up an HSA, whether or not she is receiving disability insurance.
macgowan
 
Posts: 76
Joined: Mon Jun 17, 2013 2:05 pm

My Wife And I Are Considering An Hsa. She's Receiving Disability Payments.?

Postby Turi » Thu May 18, 2017 9:56 am

You cannot set up an HSA unless the insurance that is provider through your employer is an HSA qualified plan. If it is so, they will have the information on how to set up the account.
Turi
 
Posts: 68
Joined: Mon Jan 06, 2014 5:09 pm

My Wife And I Are Considering An Hsa. She's Receiving Disability Payments.?

Postby Tau » Fri May 19, 2017 3:21 pm

The rules are that your health insurance plan needs to be a QHDHP (qualified high deductible health plan) and the key word there is "qualified" as not any high deductible plan will do.

If you don't have a QHDHP then you can't open an HSA. PERIOD.
Tau
 
Posts: 54
Joined: Sat Feb 08, 2014 12:16 am


Return to Disability Insurance

 


  • Related topics
    Replies
    Views
    Last post
cron