Ask Larry

Can I Continue Paying Into My HSA If I Sign Up For Medicare And Suspend It?

I reached 65 but plan to work a few more years. I have a company health insurance. I want to keep paying into my HSA can I do this if I sign up for medicare and suspend it?

Hi,

No, and you can't voluntarily suspend Medicare coverage anyway. However, as long as you or your spouse is an active employee and you're enrolled in an employer group health plan that covers at least 20 employees, you could instead delay enrolling in Medicare without penalty for as long as your work and coverage continues.

Best, Jerry

Category: 
Posted: 
May 29 2019 - 9:42am
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