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Posted

Does one need to be employed to set up a health savings account? I have taxable income every year and purchase my own health insurance with additional medical expenses. If I can set an account up, who would I see to do so? Thank you!

Posted

Karen,

In order to be able to contribute to a health savings account, all you need (besides some money to deposit) is to have a qualifying high deductible health plan. You do not need to be employed.

An HSA is just a special type of bank account. Many banks and other financial institutions offer them. A quick Google search would point you in the direction of some of them in your area.

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