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Medical Sharing Costs Count as High Deductible for Health Savings Accounts?
I am a single employee of a S corp, as well as the President, and I do not have medical insurance, so I use Christian Health Ministries (Medical Sharing) as my MedSharance provider. I want to contribute to my already established Health Savings Account, but unsure if the restrictions have changed on what qualifications I need to have to make an annual deposit. In the past, before Obamacare, you had to have a high deductible medical insurance account (don't know why) in order to donate to your own Health Savings Account. Please advise on the status of the HSA requirements. Thanks.
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‎August 24, 2022
4:54 PM