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Deductions & credits
Thank you for the reply! My company is mandating an August 1st retirement date. So, I stopped my HSA contributions immediately upon finding out. They advised me to signup for Medicare now, with an August 1 start date. My HDHP coverage will end on July 31st and they don’t want me to be without insurance. I found one IRS bullet point that states “employees who have delayed their Medicare enrollment beyond their initial Medicare eligibility (age 65), may not make contributions to an HSA in the sic months prior to enrolling in Medicare”. This was what made me wonder, because I am still in my initial Enrollment eligibility right now.....Jan-March, April, May-July. Make sense? Thanks again!
June 8, 2020
8:26 PM