Accident & Health FundamentalsQuestion 5 of 716
To be eligible to contribute to a Health Savings Account (HSA), an individual must be covered by:
a.A Health Maintenance Organization plan that carries a zero-dollar deductible
b.Any employer-sponsored group health plan, whatever its deductible or copayments
c.A High Deductible Health Plan (HDHP) with no disqualifying other coverage
d.Medicare Part A or Part B, together with a Medigap supplement insurance policy
Explanation
Section 223 of the Internal Revenue Code requires an HSA-eligible individual to be covered under a qualifying HDHP and to have no other disqualifying health coverage. Enrollment in Medicare disqualifies a person from making new HSA contributions.
Law Reference: 26 U.S.C. §223 (Health Savings Accounts)This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)