Can I Contribute to an HSA at Age 66?

Many people wonder if they can still contribute to a Health Savings Account (HSA) at age 66. The answer is yes, as long as you are enrolled in a high-deductible health plan (HDHP) and meet the other eligibility requirements.

Contributing to an HSA at age 66 can be a great way to save for healthcare expenses in retirement, as HSAs offer tax advantages and the funds can be used for qualified medical expenses tax-free.

Here are some key points to consider about contributing to an HSA at age 66:

• You can make HSA contributions up to age 65, even if you are enrolled in Medicare.
• Once you enroll in Medicare, you can no longer contribute to an HSA, but you can still use the funds already in your HSA for qualified medical expenses.
• If you are still working and have a HDHP, you can continue to contribute to an HSA, regardless of age.

Yes, you can absolutely contribute to a Health Savings Account (HSA) at age 66 if you're enrolled in a high-deductible health plan (HDHP). This is a fantastic way to set aside funds for any medical expenses that may arise, especially as you move into retirement.