Yes. The Pelican HSA775 Plan is a high deductible health plan which may be used in conjunction with an HSA for those eligible to participate in such an account. Eligibility to participate in and contribute to an HSA must be met on a monthly basis. It is your responsibility to ensure that you are eligible to maintain an HSA. The below factors affect your eligibility to participate in and/or make contributions to an HSA:
| a. | Neither you nor your spouse may be covered by Medicare at any time during the Plan year (Medicare Part A coverage begins six months back from the date one applies for Medicare, social security, or railroad retiree benefits, but no earlier than the first month one was eligible for Medicare. Therefore, the general advisory is that you stop contributing to your health savings account at least six months before you apply for any of those benefits.) |
| b. | You must not be covered by any other health plan that is not a high-deductible health plan. |
| c. | You may not be covered by Veteran’s services during the last three months. |
| d. | You may not be active-duty military with Tricare coverage. |
| e. | You may not be claimed as a dependent on another person’s tax return. |
| f. | Neither you nor your spouse may be participating in a General-Purpose Flexible Spending Account (“FSA”) (Limited-Purpose FSAs are allowed). |