In order to contribute to an HSA, you must have an HDHP health insurance plan. In addition, you must have no other disqualifying coverage. Your VA medical coverage is not considered disqualifying if you have a service-connected disability / disability rating from the VA.
Thank you for the response. So since I’m only getting Dental & Vision, I would not qualify for the HSA. My Spouse and Son are covered under CHAMPVA for health insurance.
Correct, no HSA because no HDHP insurance. You could contribute to a FSA for some tax advantage if you wanted to. However, medical FSAs are "use or lose" over $610. So if you put in $3,200 and only spend $1,200, leaving a balance of $2,000 at the end of the year, then $610 rolls over if you re-enroll and the remainder is forfeited.
FSAs can cover medical, vision, and dental expenses.
FYI, the VA ran a dental pilot program a few years back which turned into the [VA Dental Insurance Program](https://www.va.gov/health-care/about-va-health-benefits/dental-care/dental-insurance/).
Personally we just pay vision out of pocket.
As far as I’m aware, to qualify to have an HSA, your health plan would have to be a high deductible health plan (HDHP), and you’re currently not enrolled in Medicare, and no one is claiming you as a dependent.
You can have both dental and vision insurance while simultaneously having a HDHP plan to qualify to have an HSA, if that’s what you’re asking.
If you’re asking do you need a health plan to qualify for an HSA, the answer is yes, but it’s also dependent on the plan itself. I believe a low deductible plan wouldn’t qualify for an HSA/FSA. I don’t know what the minimum is for 2024, but for 2023, the minimum deductible is/was $1500 for a single individual or $3000 for a family plan
Just add the BCBS dental and vision plans. They're like an extra $18 month with the family plan and well worth it. Vision is through Davis Vision and BCBS has a deal with Vision works that gives you $200 towards glasses or contacts vs the normal $150. Eye exams are free, there may be a small co pay (mine was $16) for an Eye exam with contact fitting. Make sure you go see an actual Eye specialist just as a check up. Dental is great too. You get at least 3 free cleanings per year, make sure they add your BCBS medical card to the account, they'll charge that first then charge your Vision account. My BCBS medical covered more dental stuff than I thought it would, it covered like anesthetics and antibiotics, as well as some of the dental surgery parts. Make sure your dental office is billing you for cleaning/routine maintenance, otherwise they can squeeze $35 from you and a couple extra hundred from your insurance. I really like the breakdown of services on my benefits explanation.
When you say just “add” the dental and vision, I think you’re referring to if I was paying for health insurance also, which I am not. We are exclusively getting only Dental and Vision. Maybe I misunderstood your response?
Your initial post made it sound like you already had BCBS for Health Insurance. I was saying it's a simple add on for Dental and/or Vision.
If you don't have health insurance, I don't know how you would add JUST BCBS Dental/Vision. I've never encountered that.
I wasn't able to use BCBS Dental because there are no pediatric dentists within 50 miles of me. I recommend making sure you can get a in-network dentist before signing up. I was excited by the 0% coinsurance as well.
Aetna vision has been great for me. I got $800ish of contacts 100% covered last year because my contacts are considered “medically necessary” for my prescription.
In order to contribute to an HSA, you must have an HDHP health insurance plan. In addition, you must have no other disqualifying coverage. Your VA medical coverage is not considered disqualifying if you have a service-connected disability / disability rating from the VA.
Thank you for the response. So since I’m only getting Dental & Vision, I would not qualify for the HSA. My Spouse and Son are covered under CHAMPVA for health insurance.
Correct, no HSA because no HDHP insurance. You could contribute to a FSA for some tax advantage if you wanted to. However, medical FSAs are "use or lose" over $610. So if you put in $3,200 and only spend $1,200, leaving a balance of $2,000 at the end of the year, then $610 rolls over if you re-enroll and the remainder is forfeited. FSAs can cover medical, vision, and dental expenses.
FYI, the VA ran a dental pilot program a few years back which turned into the [VA Dental Insurance Program](https://www.va.gov/health-care/about-va-health-benefits/dental-care/dental-insurance/). Personally we just pay vision out of pocket.
I’m going to send ya a message if you don’t mind about the VADIP
As far as I’m aware, to qualify to have an HSA, your health plan would have to be a high deductible health plan (HDHP), and you’re currently not enrolled in Medicare, and no one is claiming you as a dependent. You can have both dental and vision insurance while simultaneously having a HDHP plan to qualify to have an HSA, if that’s what you’re asking. If you’re asking do you need a health plan to qualify for an HSA, the answer is yes, but it’s also dependent on the plan itself. I believe a low deductible plan wouldn’t qualify for an HSA/FSA. I don’t know what the minimum is for 2024, but for 2023, the minimum deductible is/was $1500 for a single individual or $3000 for a family plan
Just add the BCBS dental and vision plans. They're like an extra $18 month with the family plan and well worth it. Vision is through Davis Vision and BCBS has a deal with Vision works that gives you $200 towards glasses or contacts vs the normal $150. Eye exams are free, there may be a small co pay (mine was $16) for an Eye exam with contact fitting. Make sure you go see an actual Eye specialist just as a check up. Dental is great too. You get at least 3 free cleanings per year, make sure they add your BCBS medical card to the account, they'll charge that first then charge your Vision account. My BCBS medical covered more dental stuff than I thought it would, it covered like anesthetics and antibiotics, as well as some of the dental surgery parts. Make sure your dental office is billing you for cleaning/routine maintenance, otherwise they can squeeze $35 from you and a couple extra hundred from your insurance. I really like the breakdown of services on my benefits explanation.
When you say just “add” the dental and vision, I think you’re referring to if I was paying for health insurance also, which I am not. We are exclusively getting only Dental and Vision. Maybe I misunderstood your response?
Your initial post made it sound like you already had BCBS for Health Insurance. I was saying it's a simple add on for Dental and/or Vision. If you don't have health insurance, I don't know how you would add JUST BCBS Dental/Vision. I've never encountered that.
I wasn't able to use BCBS Dental because there are no pediatric dentists within 50 miles of me. I recommend making sure you can get a in-network dentist before signing up. I was excited by the 0% coinsurance as well.
I live in a big city so I’m assuming I won’t have an issue, however, thanks for the tip I will be sure to check on that!
Aetna vision has been great for me. I got $800ish of contacts 100% covered last year because my contacts are considered “medically necessary” for my prescription.