Since its inception in 2003, health savings accounts havegrown at a phenomenal rate. Today, there are more than 10million accounts nationwide, a figure that’s expected to increasesignificantly in the next few years. Unfortunately, there arealso a number of rules and regulations that, after nearly 8 years,most insurance agents are tired of explaining to their clients.

For instance, individuals enrolled in Medicare Part A, which is an automatic for people who arereceiving Social Security benefits, are ineligible to contribute toan HSA. So are veterans who have used their VA benefits in the last90 days.

And while people over the age of 55 are eligible to contributean additional $1,000 per year in catch-up contributions, if bothspouses are over 55 they must make these contributions to separateaccounts, which of course usually means separate monthly accountfees.

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