Can I have an HSA when I am getting a tax credit for the ACA? I have a HDHP want to know if I can deduct it.

can I deduct an HSA if I am receiving a tax credit on the ACA?



You can if the ACA plan qualifies as an HDHP with a sufficient deductible. The tax credit is immaterial.

  • The plan must be an HSA qualifiying HDHP usually saying so in the plan name. Many ACA Marketplace HDHP plans are not HSA eligible. Usually because while HDHPs, they may have co-pays not subject to the deductible.
  • Tax credits are fine, but not if you are also receiving cost-sharing that reduces the deductible below the minimum HSA qualifiying deductible

Perfect, so it depends if they are getting the CSR.   The tax credit part does not matter, as long it is eligible high deductible plan.   Thank you for the answer.

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