HSA and Medicare

Anyone enrolled in Medicare Part A OR Part B, is NOT eligible for a Health Savings Account. Prior to enrolling in Medicare, you must stop HSA contributions 6 months before applying.

FAQ for people enrolled in Medicare Part A or B and a Health Savings Account

Please note that this applies to active employees and early retirees

Q.  If I am enrolled in the districts health insurance, AND enrolled in Medicare Part A or Part B, am I eligible to participate in the HSA?

A. No. The employee cannot contribute to the HSA, NOR can the district contribute to the HSA.

Please note that in order to be eligible to contribute to an HSA, you must be enrolled in a high deductible health plan ONLY. Being enrolled in Medicare Part A or Part B,  disqualifies you from making or receiving contributions to a Health Savings Account.

Q. If I am enrolled in the districts health insurance, eligible to make contributions to an HSA and my SPOUSE is enrolled in Medicare Part A or Part B, am I still eligible to contribute to the HSA?

A. Yes. You and the district are able to contribute to an HSA account up to the $4,300/single or $8,550/family cumulatively. However, your spouse CANNOT contribute.

Q. What if my spouse and I are enrolled in the districts health insurance, my SPOUSE is eligible to contribute to an HSA but I am enrolled in Medicare Part A or Part B, am I

still eligible to contribute to the HSA?

A. No, because you are enrolled in Medicare it disqualifies you from contributing to an HSA. However, if your spouse is eligible, your spouse is able to open and contribute to an HSA account up to the $4,300/single or $5,550/family cumulatively.

Disclaimer: The summary provided is meant to serve as an overview of the most frequently asked questions regarding Health Savings Accounts.  Please speak with your tax advisor and/or financial advisor for specific details regarding your personal situation and tax implications relating to Health Savings Accounts.