At what age do you have to stop contributing to HSA?

When it comes to contributing to a Health Savings Account (HSA), there comes a point when you need to pause your contributions. So, what age do you have to stop contributing to an HSA?

Typically, you are required to stop contributing to your HSA once you enroll in Medicare. This means that once you sign up for Medicare, you can no longer contribute funds to your HSA. There are a few specific details regarding the age at which you have to stop contributing:

• Once you enroll in Medicare Part A, which is usually at age 65, you can no longer contribute to your HSA.
• If you delay enrolling in Medicare and continue working past age 65, you can still contribute to your HSA until you decide to enroll in Medicare.

It's essential to understand the rules and regulations surrounding HSA contributions to avoid any penalties or tax implications. If you have any doubts or questions about when to stop contributing to your HSA, it's always a good idea to consult with a financial advisor or a tax professional.

Wondering when to stop contributing to your Health Savings Account (HSA)? It’s an important question! Generally, once you enroll in Medicare, you must halt your contributions. This usually happens around the age of 65, but there’s flexibility if you’re still employed and delay enrollment.