HSA beside Golden Rule Plan 100?

I was forced to switch health insurance policies and approved on Golden Rule's Plan 100 because it was the cheapest that offered benefits I needed. I was wondering if I can still save and continue to make deposits contained by my HSA or does this plan disqualify me from it? If so, why?

Answers:    You can keep the HSA you just can't label any more deposits. If you had the HSA less than 12 months you own to make sure you did not exceed the prorated contribution limits for the number of months you have the plan. (Even though you can deposit the entire annual contribution up front if you cancel the plan in smaller number than 12 months you have to withdrawn the excess amount)

In order to qualifiy for a HSA you hold to have a Qualified High Deductible Health Plan (QHDHP). The Golden rule plan 100 is not a QHDHP.

To be a QHDHP the plan has to enjoy a minimum deductible ($1,100 indiv, $2,200 Family) and can't have office look in co-pays.


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