LEARNING OBJECTIVES

• Identify different ways to obtain an HDHP.
• Explain the difference between employer-sponsored plans, ACA marketplace plans, and private insurance.
• Understand the process for opening and funding an HSA depending on plan type.

---

LESSON

There are several ways to get health insurance that qualifies for an HSA. The right option depends on your employment status, income, and personal situation.

Employer-Sponsored HDHP + Employer HSA

Many employers offer:

• An HDHP health plan
• A built-in HSA provider

Your HSA contributions are automatically taken out of your paycheck, making saving easy and consistent.

Employer-Sponsored HDHP + Open Your Own HSA

Some employers offer HDHP insurance, but do not provide an HSA provider.

In this case, you:

• Enroll in your employer’s HDHP
• Open an HSA on your own through a bank or investment provider
• Add money manually

ACA Marketplace HDHP + Open Your Own HSA

You can purchase an HDHP through the Affordable Care Act (ACA) Marketplace, such as:

• HealthCare.gov (federal marketplace)
• Covered California (California’s state exchange)

After enrolling in a plan, you open an HSA separately through a bank or brokerage.

This option is common for:

• Recent graduates
• Self-employed people
• People without employer-sponsored insurance

Private Insurance + Open Your Own HSA

You can also buy health insurance directly from private companies like:

• Anthem
• Blue Cross Blue Shield
• Cigna

Or through an independent insurance broker.

This option is often used by:

• Self-employed individuals
• People who want more plan choices