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I elect to make pre tax contributions to my Highmark Bank of America Health Savings Account Health Savings Account on the 1st 2nd pays only. Indiana Area School District 2017 HEALTH SAVINGS ACCOUNT PRE TAX SALARY REDUCTION ELECTION First Name MI Social Security Last Name I understand that I may elect to make pre tax contributions to my Highmark Bank of America Health Savings Account through payroll deduction. These pre tax contributions are available under my employer s Section 125 Plan....
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Who needs importantiunderstandthaticannotcontributetoformhealthsavingsaccountifiamalso?

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Individuals who meet the following criteria may need to understand that they cannot contribute to form a health savings account if they are also:
02
- Under the age of 18
03
- Covered by Medicare
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- Covered by another health plan that doesn't meet HSA eligibility requirements
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- Enrolled in a flexible spending account (FSA) or a health reimbursement arrangement (HRA)
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- Listed as a dependent on someone else's tax return
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It is important for individuals falling under these categories to be aware of the restrictions and rules regarding health savings accounts.
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You cannot contribute to a health savings account if you are also enrolled in Medicare.
People who are enrolled in Medicare are required to file importantiunderstandthaticannotcontributetoformhealthsavingsaccountifiamalso.
You need to indicate on your tax forms that you cannot contribute to a health savings account due to being enrolled in Medicare.
The purpose is to prevent individuals who are enrolled in Medicare from contributing to health savings accounts.
You must report your Medicare enrollment status and inability to contribute to health savings accounts.
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