So if this is your first exposure to the Gradock Bulletin's  ‘Grab Bag Series' you are kind of jumping into the middle of the game.   No problem with that but you may want to go back and read the first one or two in the series that started this little snowball (and it's still fairly little right now) down the hill.

Also, if you read this on a fairly regularly basis you might be used to a bit more humor (or attempts at it anyway) than has been injected into some of the more recent articles.   That said, we may have to make some detours away from the ‘Grab Bag' along the way.  Otherwise we may go totally insane here at Grab Bag Central.  For what it's worth, we'll do our best at spicing up this latest and highly gripping notice from your IRS and US Treasury.

If you want the full report got to IRS Notice 2008-59 attempt to read it, then come back here for the Cliffs Notes translations.

Ok, now that we've got all that out of the way let's take a look at another goodie from the grab bag.

How about Medicare Part D?  If you are eligible for Medicare part D (or any Medicare benefit for that matter) but not enrolled, fear not, you are still HSA eligible.  That said, if in any month you do enroll (in Medicare), you become ineligible.

Now this next one is a little wacky to me as it outlines a scenario, I would have never contemplated on my own. If an individual has an HDHP/HSA qualifying plan but then has insurance on top of that whereby the deductible exceeds that of the HDHP plan, does the second plan disqualify the first plan in terms of HSA eligibility?

Huh?  Here's the deal. If say you have an HDHP plan with a $ 1 million lifetime limit and then picked up a second plan with a $1 million deductible with a $2 million lifetime maximum benefit, that second plan would not disqualify you from HSA eligibility.

Breathtaking stuff, no?