FAQs Who is eligible for an HSA? To be eligible, you must be enrolled in a qualified high-deductible health plan (HDHP), have no other health coverage, and not be claimed as a dependent on someone else’s tax return. How much can I contribute to my HSA? Annual contribution limits are set by the IRS and may change each year. Check current limits to maximize your savings. Can I use my HSA funds for non-medical expenses? Yes, but non-medical withdrawals before age 65 are subject to taxes and a penalty. After 65, funds can be used for anything, though taxes may apply.