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At What Age Can You No Longer Contribute to an HSA? Eligibility Explained

Learn the age and eligibility rules for contributing to a Health Savings Account (HSA) and how Medicare enrollment affects contributions.

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Video transcript

There is no age limit to contribute to a Health Savings Account (HSA), as long as you are eligible. To be eligible, you must be enrolled in a High Deductible Health Plan (HDHP) and not enrolled in Medicare. Once enrolled in Medicare, you can no longer contribute, but you can still withdraw funds for qualified medical expenses.

Questions and answers

  1. Can you contribute to an HSA after age 65?

    You can contribute to an HSA at any age as long as you have a High Deductible Health Plan and are not enrolled in Medicare. Once you enroll in Medicare, you can no longer contribute.

  2. What happens to my HSA when I enroll in Medicare?

    When you enroll in Medicare, you can no longer make HSA contributions, but you can still use the funds in your HSA to pay for qualified medical expenses.

  3. Do you need to be on a High Deductible Health Plan to contribute to an HSA?

    Yes, to be eligible to contribute to an HSA, you must be enrolled in a High Deductible Health Plan (HDHP) and not be enrolled in Medicare.

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