Can I Make HSA Election in Year I Turn 65?

Yes, you can continue to make HSA contributions and election in the year you turn 65. However, there are a few important points to keep in mind:

• Once you enroll in Medicare, you can no longer contribute to an HSA.
• If you enroll in Medicare before reaching 65, your HSA contributions must stop.
• If you delay enrolling in Medicare, you can continue to contribute to your HSA until you do enroll.

Yes, absolutely! In the year that you turn 65, you are allowed to continue making contributions to your Health Savings Account (HSA), allowing you to maximize your savings for medical expenses.