Can You Contribute to an HSA in the Year You Turn 65?

Yes, you can contribute to an HSA in the year you turn 65. However, there are a few key points to keep in mind:

• When you turn 65 and enroll in Medicare, you can no longer contribute to your HSA if you are receiving Medicare benefits
• If you delay enrolling in Medicare and continue working past the age of 65, you can still contribute to your HSA
• If you have a high deductible health plan and are not enrolled in Medicare, you can contribute to your HSA up until the month you enroll in Medicare
• If you are enrolled in Medicare and have an HSA, you can still use the funds in your HSA tax-free for qualified medical expenses

Absolutely! You can contribute to your Health Savings Account (HSA) in the year you turn 65. Just remember, if you decide to enroll in Medicare, you cannot make new contributions to your HSA while receiving those benefits.