How to Manage a HSA When Not Under Medicare

Handling a Health Savings Account (HSA) when you are not under Medicare requires understanding the eligibility rules and maximizing the benefits offered by an HSA.

When you are not under Medicare, here is how you can effectively manage your HSA:

• Ensure you meet the eligibility criteria for an HSA.
• Contribute to your HSA regularly to build up savings for healthcare expenses.
• Use the funds in your HSA for qualified medical expenses to enjoy tax advantages.
• Keep track of your healthcare expenses and save receipts for documentation.
• Explore investment options to grow your HSA funds for future healthcare needs.

By following these steps, you can make the most out of your HSA and secure your healthcare finances even when you are not under Medicare.

Managing a Health Savings Account (HSA) while you are not enrolled in Medicare is essential for maintaining your healthcare financing. Start by confirming that you are eligible for an HSA based on your high-deductible health plan.