Can You Fund an HSA After Age 65? Exploring HSA Contribution Rules

Yes, you can fund an HSA after age 65 as long as you are still enrolled in a high deductible health plan (HDHP) and are not enrolled in Medicare. Once you turn 65 and enroll in Medicare, you can no longer contribute to your HSA, but you can still use the funds for qualified medical expenses tax-free.

Additional Details:

• If you continue working past age 65 and have employer-sponsored health insurance that qualifies as an HDHP, you can keep contributing to your HSA.
• Individuals over 55 can make catch-up contributions to their HSA, allowing them to contribute an extra amount each year.
• Using HSA funds for non-medical expenses after age 65 incurs only income tax (no penalty).

Absolutely! If you’re over 65 and not enrolled in Medicare, you can continue to fund your HSA, provided you remain eligible with a high deductible health plan (HDHP). This means you can contribute to your account, building a valuable resource for when healthcare needs arise.