Can employees who stay on the job past age 65 remain enrolled in a HDHP/HSA?
This is one of the tricky questions that older workers may pose as they delay retirement, but still need to understand what staying on the job means for their Social Security and Medicare benefits. The answer can be complicated.
Health savings accounts (HSAs) are offered in tandem with group HDHPs. HSAs were designed to act as a health care savings vehicle and also as a way to make enrollment in HDHPs plans more attractive. Employer and employee contributions to HSAs and earnings from HSAs are exempt from federal and state taxes (with a few exceptions).
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
