Cynthiad66
Expert Alumni

Deductions & credits

@AS127 - Yes, depending on certain situations.

 

You can contribute to an HSA in your own name if you are covered by a qualifying HDHP (high deductible health insurance plan) and have no other insurance coverage. If your parents cover you, but it is not an HDHP, then you can't contribute to an HSA.

 

 you may have more than one HSA and you may contribute to them all, as long as you are currently enrolled in an HDHP. However, this does not give you any additional tax advantages, as the total contributions to your accounts cannot exceed the annual maximum contribution limit.

 

Use this link for additional information on HSA:  Health Savings Account - IRS Pub

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