Can You Have An Hsa Without Health Insurance? 
Health Savings Accounts were by law set-up to be paired with a specific type of high deductible health insurance plan . So , one must accompany the other . Each year the IRS announces the guidelines for what the range of acceptable deductible levels are for HSA qualified health insurance plans and the maximum amounts people can contribute to their Health Savings Account . Qualified high deductible health insurance plans for 2014 can have a deductible starting at $ 1250 for individual coverage and $ 2500 for family coverage . The maximum out-of-pocket exposure under these plans can be no more than $ 6350 for an individual and $ 12,700 for a family . The maximum an individual under the age of 55 can contribute to a Health Savings Account in this year is $ 3300 for an individual and $ 6550 for a family . Persons 55 + can contribute an additional $ 1000 to their HSA account . The amounts that persons contribute to their Health Savings Account is 100 % deductible from their gross income and can accumulate tax free and as long as withdrawals from the HSA are for covered medical expenses there are no tax consequences for the use of these funds . HSA funds can be accessed for non-eligible expenses but such withdrawals are subject to a tax penalty . 