Which of the following is a requirement to be eligible for having contributions made to your HSA?

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To be eligible for contributions to a Health Savings Account (HSA), one must be covered under a High Deductible Health Plan (HDHP). This requirement is essential because HSAs are specifically designed to work in conjunction with high deductible plans, allowing individuals to save for medical expenses in a tax-advantaged manner. The contributions made to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free, making it a beneficial account for those who have HDHPs.

Being classified as a full-time employee does not inherently qualify someone for an HSA, as eligibility is not based solely on employment status. Likewise, owning a traditional insurance plan does not meet the criteria since traditional plans typically do not qualify as HDHPs. Lastly, being a Medicare recipient disqualifies an individual from making new contributions to an HSA, even if they had been eligible prior to enrolling in Medicare. Thus, the correct focus for HSA eligibility centers on having an HDHP.

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