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Can I fund an HSA if we have a medical insurance with my Union that is a Consumer Driven Policy with an HRA of $2400 and a deductible of $4,000 max $10,000?

We're retired 63,62 with my wife having some wages

Deductions & credits

The IRS says, "An employee covered by an HDHP and a health FSA or an HRA that pays or reimburses qualified medical expenses generally can’t make contributions to an HSA." (page 5 of Publication 969)

The exceptions are if the HRA is a limited-purpose HRA, only for

  • Liabilities incurred under workers' compensation laws, tort liabilities, or liabilities related to ownership or use of property.
  • A specific disease or illness.
  • A fixed amount per day (or other period) of hospitalization.
  • Accidents.
  • Disability.
  • Dental care.
  • Vision care.
  • Long-term care.

There are several other exceptions, which are listed on page 5 of Pub 969 (https://www.irs.gov/pub/irs-pdf/p969.pdf), but a general purpose HRA (able to reimburse you for any medical expense) disqualifies you from making HSA contributions.

 

[Edited 3/23/2020 11:58 am CDT - updated page references]

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