When Do Children Lose Their HSA Coverage at Retirement?

It's important to understand when children lose their HSA coverage as they reach retirement age. In general, children lose their eligibility for coverage under their parents' HSA once they turn 26 years old. This means that they will no longer be able to use their parents' HSA funds to cover medical expenses.

However, if children are enrolled in their own HSA plans, they can continue to use their accounts for eligible expenses even after turning 26. It's crucial for individuals to plan ahead and ensure that their children have the necessary coverage once they reach this age.

As children approach retirement age, it's vital to recognize that they will lose their HSA coverage under their parents' plan at the age of 26. Once they reach this milestone, they will be unable to access their parents' Health Savings Account funds for their medical expenses.