Can You Still Contribute to Your HSA Once You Turn 65?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

Continuing HSA contributions after age 65

As you approach the age of 65, you may be wondering about your Health Savings Account (HSA) and whether you can still contribute to it. The good news is that once you turn 65, you can continue to contribute to your HSA account.

There are a few key things to keep in mind:

Medicare timing, catch-up, and tax benefits

• Once you enroll in Medicare, you can no longer contribute to your HSA, but you can still use the funds that are already in your account for qualified medical expenses.
• If you delay enrolling in Medicare, you can continue to contribute to your HSA until you do enroll in Medicare.
• After age 65, you can also make additional catch-up contributions to your HSA, allowing you to save even more for future medical expenses.
• Remember that HSA contributions are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses.

Reaching 65 is an exciting milestone, but it comes with questions about your financial health. Good news: you can continue to contribute to your Health Savings Account (HSA) until you enroll in Medicare.