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?
After you reach age 65, you may receive tax-free distributions from an HSA to pay for your employer’s retiree health insurance coverage. Although the purchase of health insurance is generally not a qualified medical expense that can be paid or reimbursed by an HSA, the Code provides an exception for coverage for health insurance once an account beneficiary reaches age 65. This exception applies to both insured and self-insured plans.
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?
- Is the HSA (Health Savings Account) contribution limit increased for older people?
