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He turned 65 in 2021, so he’ll definitely get the 6 month retroactive period.
Regarding your statement about it being the overall contributions that matter and not the 6 months, and that he can still contribute to his HSA after he enrolls in Medicare….I don’t believe that’s accurate. The 2 screenshots at the bottom of this reply were taken directly from the Medicare.gov website. It doesn’t mention anything about it being overall contributions instead of 6 months, and it definitely states that you cannot contribute once enrolled in Medicare.
I’ll have to check into an HSA for myself as I will continue on the same HDHP plan that we had, only it’ll just be for me and under COBRA.
Question brought forward from my last reply…….when I report the excess contributions and earnings on Form #8889 for tax year 2025 (so Medicare can see that we withdrew it), when is the money actually taxed? The 2025 or 2026 tax year? He won't get the 1099 until 2027.
