If someone buys a Health Savings Account (HSA) plan, federal law requires that health plan to have a deductible of at least $1,250 per individual and $2,500 per family. Â
If you select a Silver level HSA plan on the exchange, if you receive special discounts, those discounts may make you ineligible for the HSA.
These special discounts will decrease the deductible and out-of-pocket costs. Â Sometimes a subsidy can decrease these amounts enough to drop them below the federal government’s minimum deductible threshold for HSA eligibility. Â If this happens, you will become ineligible for the HSA feature, but automatically enrolled in the base plan without the HSA component. Â Unfortunately at this time there is no notification from the Exchange to alert the customer to this problem. Â
If this happens to you, just realize you can keep your plan, but not the HSA feature. Â
If you want the HSA feature, you will have to wait until the next open enrollment period to select a qualified plan. Â
Some of this information was taken from an email I received from Anthem. Please consult with your tax advisor, and your insurance broker for your specific situation. Â Â