Question

I was covered by my parents’ health insurance until September 2019, and then I enrolled in my own health insurance plan. My insurance is a HDHP, and I have a HSA. Will I owe a health insurance penalty for failure to maintain coverage?

Answer

You won’t be subject to a health insurance penalty if all of these are true:

  • You established your own coverage within three months after you lost coverage under your parents’ plan.
  • You didn’t establish the health savings account (HSA) until the high-deductible health plan (HDHP) was in place. Also, you only contributed to it while the HDHP was in place.
  • You’ve remained covered only by the HDHP and other permitted coverage.

Related Topics

Related Resources

I Received an IRS Notice, Now What?

If you received an IRS notice in the mail, don't panic - some notices may actually be good news for you. Learn more about IRS notices with H&R Block.

Your 2019 Tax Form Checklist

Are you unsure of what tax forms and information you need to file taxes this year? Use this helpful tax filing forms checklist from H&R Block

Tax Examiner

A tax examiner is an IRS employee who reviews tax returns for accuracy. Read the IRS definition and get more insight from the experts at H&R Block.

IRS Notice CP87C – You Need to Make Sure Someone Qualifies As Your Dependent

Find more information on IRS Notice CP87C and claiming dependents on tax returns. Get help from the tax experts at H&R Block.