Can I Withdraw from My HSA after 60 Without Penalty? - HSA FAQs

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare costs, offering tax advantages and flexibility. If you're wondering whether you can withdraw from your HSA after the age of 60 without penalty, the answer is yes. While there are certain rules and guidelines to follow, withdrawing funds from your HSA post 60 is penalty-free.

As you reach the age of 65, you can withdraw funds penalty-free for any reason; however, if you use the funds for non-qualified medical expenses, you will still owe income tax. It's important to understand the rules surrounding HSA withdrawals to make the most of this financial resource.

If you're over 60, you can absolutely withdraw from your HSA without facing any penalties, making it a fantastic resource for managing your healthcare expenses as you age.