What other kinds of coverage are permissible?
An individual can still be eligible for an HSA if he or she has:
- dental care
- vision care
- long-term care
Permitted insurance is insurance that pays a fixed amount period of hospitalization, or coverage primarily related to:
- liabilities incurred under workers' compensation laws
- tort liabilities
- liabilities relating to ownership or use of property (e.g., automobile insurance)
- a specified disease or illness
- accidents
- disability
Specifics policies should be discussed with an insurance professional prior to purchasing an HSA.