Stop contributions on time
Medicare enrollment makes you ineligible to contribute to an HSA. Employer contributions count too, so coordinate payroll and personal deposits.
Medicare and health savings accounts
Using an HSA? Medicare Timing Deserves Extra Attention.
You can spend existing HSA funds after Medicare begins, but you cannot keep contributing once enrolled in any part of Medicare.
What we’ll sort out
- When HSA contribution eligibility ends
- How retroactive Part A can change the stop date
- The difference between contributing and spending HSA funds
- Why delaying Social Security can matter
Account for retroactive Part A
If you apply for Medicare after 65, Part A may begin retroactively by as much as six months, but not before age 65. Plan the contribution stop date before applying.
Keep using existing funds
Enrollment does not take away your HSA balance. Qualified medical expenses may still be paid from existing funds under applicable tax rules.
One-on-one Medicare guidance