The primary condition for contributing to an HSA is that you must be enrolled in a qualified high-deductible health plan (HDHP) and cannot have disqualifying additional medical coverage, such as Medicare or a general purpose health flexible spending account (FSA). To qualify as an HDHP in 2021, your plan must require an annual deductible of $1,400 or more for an individual ($2,800 for a family) with the exception of certain preventive care expenses. In addition, the plan's annual out-of-pocket maximum (including the deductible) for an individual must be no more than $7,000 for 2021, ($14,000 for 2021 for a family) before covering 100% of allowable medical expenses.1 To find out more, read Merrill�s Contribution Limits and Tax Reference Guide.