Who is eligible to participate
You are an eligible individual for any month if you:
- are covered under an High Deductible Health Plan (HDHP) on the first day of such month;
- are not also covered by any other health plan that is not an HDHP (with limited exceptions);
- are not enrolled for benefits under Medicare (generally not yet age 65); and
- are not eligible to be claimed as a dependant on another person's tax return.
What is considered an HDHP
An HDHP is an insurance policy that meets certain dollar limits as shown in the table below.
| 2006 HDHP Limits* |
| |
Self Only |
Family |
| Annual Deductible |
$1,050 or more |
$2,100 or more |
| Annual Deductible plus out-of-pocket expenses cannot exceed... |
$5,250 |
$10,500 |
*HDHP and contribution limitations are revised each year to reflect cost-of-living increases. |
