A current House bill could affect HSAs and Medicare beneficiaries

Many Americans are unaware about current rules and proposed ones regarding contributing to an HSA and being on Medicare.

By Lindsay Malzone | June 21, 2022 at 06:38 AM

dollar with hole in it and HSA seen through hole

As health insurance costs continue to rise, many employers are giving their employees HSA plan options to lower healthcare costs. HSA plans have grown in popularity with over 32 million active HSA accounts in America.

Many Americans are unaware that if you decide to work past 65. once you start Medicare, you can no longer have any contributions to your HSA. A bill in the House of Representatives could change that and allow continued contributions to an HSA when enrolled in Medicare.

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