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Va benefits and hsa

va benefits and hsa

I am entitled to benefits from Veterans Affairs [VA]. Am I eligible for an HSA? You cannot be covered by TRICARE, or have accessed your Veterans Administration (VA) benefits in the past 90 days (to contribute to an HSA). Exceptions may. Three years ago, a new law improved eligibility rules. Now, there are looser restrictions if you are getting Veteran Affairs benefits for service-connected disabilities.

Va benefits and hsa -

The new rule is not a qualifying event and veterans are responsible for determining their eligibility. An individual is not eligible to make HSA contributions for any month, however, if the individual has received medical benefits from the VA at any time during the previous three months. The bottom line is that this change eases the restrictions on HSA eligibility for veterans with service-connected disabilities who are covered by an HDHP but may also receive VA medical benefits. Now, veterans who are enrolled in a high-deductible health plan with no disqualifying coverage and who have a service-connected disability are eligible to make or receive HSA contributions regardless of when they received Department of Veterans Affairs benefits. Furthermore, this message does not establish an attorney-client relationship.

Va benefits and hsa -

The determining factor that allows the contributions is that the treatment was for a service-connected disability. If an otherwise eligible individual under section c 1 is eligible for medical benefits through the Department of Veterans Affairs VA , may he or she contribute to an HSA? Also, if veterans receive VA medical benefits for a non-service-connected disability during the prior three months, they still are not eligible to make or receive HSA contributions. The new rule is not a qualifying event and veterans are responsible for determining their eligibility. Questions regarding specific issues should be addressed to the person s who provide legal advice to the recipient regarding employee benefits issues e. The bottom line is that this change eases the restrictions on HSA eligibility for veterans with service-connected disabilities who are covered by an HDHP but may also receive VA medical benefits. Questions can be directed to Human Resources athr purdue. The determining factor that allows the contributions va benefits and hsa that the treatment was for a service-connected disability. The bottom line is that this change eases the restrictions on HSA eligibility for veterans with service-connected disabilities who are covered by an HDHP but may also receive VA medical benefits. Consequently, as a rule of administrative simplification, for purposes va benefits and hsa this rule, any hospital care or medical services received from the VA by a veteran who has a disability rating from the VA may be considered to be hospital care or medical services under a law administered by the Secretary of Veterans Affairs for service-connected disability. Stay connected. va benefits and hsa

2 thoughts on “Va benefits and hsa

  1. Jack Nice

    Thanku sir your lectures were very useful for my exams.

  2. Vartika Singh

    Abe... Calculate to dang se kar bhai.. 33000*120=3960000.

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