Tricare Reserve Select and HSA or FSA
02-26-2016, 07:52 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Sep 2008
Posts: 290
Tricare Reserve Select and HSA or FSA
Can you contribute to either a Health Savings Account or Health Care Flexible Spending Account with your company while your primary insurance is Tricare Reserve Select?
I believe the answer is no, but I am having a hard time clarifying that research.
Thanks!
I believe the answer is no, but I am having a hard time clarifying that research.
Thanks!
03-02-2016, 07:45 PM
#2
Gets Weekends Off
Joined APC: May 2007
Position: B-747-400/8
Posts: 146
I currently have Tricare Reserve Select and a separate FSA as part of my airline pay. Haven't had any issues so far.
You are correct about the HSA. HSAs require a "high detectable" Health Plan.
Good luck!
"Qualifying for an HSA
To be an eligible individual and qualify for an HSA, you must meet the following requirements.
You must be covered under a high deductible health plan (HDHP), described later, on the first day of the month.
You have no other health coverage except what is permitted under Other health coverage , later.
You are not enrolled in Medicare.
You cannot be claimed as a dependent on someone else's 2015 tax return."
https://www.irs.gov/publications/p969/ar02.html
You are correct about the HSA. HSAs require a "high detectable" Health Plan.
Good luck!
"Qualifying for an HSA
To be an eligible individual and qualify for an HSA, you must meet the following requirements.
You must be covered under a high deductible health plan (HDHP), described later, on the first day of the month.
You have no other health coverage except what is permitted under Other health coverage , later.
You are not enrolled in Medicare.
You cannot be claimed as a dependent on someone else's 2015 tax return."
https://www.irs.gov/publications/p969/ar02.html
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