Medicare and Your HSA: A Quick Guide
As you get closer to retirement, your health plan needs may be changing. It is important to understand how Medicare can impact your HSA.
By law, employees who are eligible, entitled, or enrolled in Medicare are no longer allowed to contribute to an HSA.
This document provides helpful information, including:
- Overview of the different Medicare statuses
- Frequently asked questions about Medicare and HSAs
- An easy-to-follow chart to help you decide when you should stop contributing to your HSA
- How to use your HSA account after you reach the point that you no longer contribute to it