Who Can Fund a Retiree's HSA? - All You Need to Know

One common question that retirees may have is who can fund their HSA (Health Savings Account)?

As a retiree, you can fund your HSA yourself if you have the means to do so. However, there are certain rules and limitations to keep in mind. Here are some key points:

• Retirees can continue to contribute to their HSA as long as they have a high-deductible health plan (HDHP).
• If you're enrolled in Medicare, you can no longer contribute to your HSA, but you can still use the funds for qualified medical expenses.
• Spouses of retirees can also contribute to the retiree's HSA as long as they are eligible.
• Employers can make contributions to an employee's HSA even after retirement, provided the individual is still covered by an HDHP.

It's essential to understand the rules governing HSA contributions for retirees to make the most of this valuable healthcare savings tool.

Many retirees wonder who can fund their HSA (Health Savings Account) to ensure they have sufficient savings for healthcare costs. The good news is that even after retiring, there are options for contributing to your HSA!