Those enrolled in the following High Deductible Health Plans (HDHPs):
You cannot make or receive HSA contributions if you’re enrolled in Medicare or TRICARE; or covered by any other health plan that is not an HDHP; or you’re claimed as a dependent on another individual’s tax form.
2019 Internal Revenue Service (IRS) limits listed below
You can change your HSA contributions at any time of year (up to specified limits).
Please note that in some states, HSA contributions are not exempt from state income taxes (e.g., California).
Save anywhere from 15% to 40% on your health care expenses.
Depends on your tax bracket and the state in which you reside.
You’re also eligible to make Flexible Spending Account contributions through payroll deduction of up to $2,650 for the year. If you’re enrolled in any medical coverage option other than Blue Advantage HMO or Kaiser Hawaii HMO, the account is a Limited Use FSA, which can only be used for qualified dental and vision expenses. Learn more in the 2019 Flexible Spending Account Summary Plan Description.
Looking for more information? Download 2019 Medical Plan Overview
Get tips for choosing HSA/FSA contributions. Watch the video