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I am nearing retirement. Can I contribute a little extra to my HSA to help fund health care in retirement?

April 26, 2017contribute extra fund health care help HSA little nearing retirement

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I am nearing retirement. Can I contribute a little extra to my HSA to help fund health care in retirement?

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• Associates age 55 or older who are not enrolled in Medicare can contribute an additional $800 in 2007 above the applicable limits. An additional $800 can be contributed for a spouse who fits the age criteria and who is also not covered by Medicare. If both of you wish to contribute the additional $800, you will need to have separate HSAs. An associate can make the additional $800 contribution through payroll deductions into their HSA.