Health Savings Account over age 65
Can you add to a Health Savings account if still working? If enrolled in part A and NOT enrolled in part B?
Thanks.
Can you add to a Health Savings account if still working? If enrolled in part A and NOT enrolled in part B?
Thanks.
Permalink Submitted by David Mertz on Tue, 2020-05-19 21:10
You are ineligible to contribute to an HSA for any month that you are covered by any part of Medicare, regardless of whether or not you are still working. Any contributions made to your HSA for months that you are covered by Medicare would be excess contributions subject to penalty.