Are there any age restrictions tied to HSA contribution eligibility?
There is not a specific age restriction on HSA contribution eligibilty. However, contributions, including catch-up contributions, cannot be made beginning with the month the eligible individual enrolls in Medicare. Example: If Pearl enrolls in Medicare on March 1, 2005, her annual contribution limit equals her monthly limit multiplied by two.
Related Questions
- May a retiree who is age 65 or older receive tax-free distributions from an HSA to pay the retiree’s contribution to an employer’s self-insured retiree health coverage?
- If I am a retiree and age 65 or older, may I receive tax-free distributions from an HSA to pay my contribution to my employers retiree health coverage?
- Are there any age restrictions tied to HSA contribution eligibility?
