FSA & HSA Tax Savings Accounts

Tax Savings Accounts Overview

Flexible Spending Accounts (FSA)

Health Savings Accounts (HSA)

Open an HSA with OptumBank

HSA Eligibility Requirements

To be eligible for a HSA in 2023, you must satisfy all of the following requirements:

1. Enrolled in the OpenRoad medical plan in 2023.
2. Not enrolled in a Health Care FSA in 2023.
3. Not enrolled in Medicare.
4. Not eligible to be claimed as a dependent on someone else’s tax return.
5. Not covered by any of the following insurance or accounts (for more details, see IRS Publication 969):
      - Spouse or domestic partner’s non-Qualified High Deductible Health Plan (non-QHDHP) health plan
      - You or your spouse’s health care Flexible Spending Accounts (FSA) TRICARE or TRICARE for Life
      - You or your spouse’s/domestic partner’s Health Reimbursement Accounts (HRA)
      - Medical coverage by a non-QHDHP
      - Any Veterans Affairs benefits used within previous three months
      - National health insurance provided by foreign countries while an expatriate