The first issue is whether or not your BCBS insurance is an HDHP (High Deductible Health Plan). You must be covered by an HDHP in order to qualify for an HSA (Health Savings Account).
An HDHP (High Deductible Health Plan) is an insurance plan
that
- A
higher annual deductible than typical health plans, and
- A
maximum limit on the sum of the annual deductible and out-of-pocket
medical expenses that you must pay for covered expenses. Out-of-pocket
expenses include copayments and other amounts, but don’t include premiums.
HDHP Requirements
Self-only coverage
- Minimum annual deductible - $1,300
- Maximum annual deductible and other out-of-pocket
expenses* - $2,600
Family coverage
- Minimum annual deductible - $6,550
- Maximum annual deductible and other out-of-pocket
expenses* - $13,100
Please contact your HR department to find out if your insurance plan is an HDHP. Since you have no code W in box 12 of your W-2, you likely do not.
Note that the DD refers to the sum of the payments your employer and you made together towards your insurance premiums (whether an HDHP or not).
The 1095C is a form sent to you by your insurance company to show that you had health insurance and for what months. You are not supposed to receive a form 8889, because it would be completed by TurboTax if you had an HSA, which you probably do not.
You tell TurboTax that you have health insurance by going to the Health Insurance section near the top of your Federal screen (where you see Wages & Income and Deductions & Credits). Please return to this interview and complete it, entering your 1095-C.
